Obnoxious New VISA MC Credit Card Company Practices and How to Fight Back

After using online paying service for years without any difficulty, recently we run into a newly instituted bank rip-off. Even as the credit card payment was sent as usual with a few days to spare, somehow it "did not arrived" on times this latest occasion. Usually for the electronic transfer two business day is sufficient. The inventor of this new extortion scheme is an infamous major skid row Bank USA, N. A. VISA card group. Most likely all credit cards from this Bank also doing it.

Picture 1. First Year 1878 Morgan Silver Dollar an Honest Money

Recently our online payment agent issued a warning and strangely it is only against this bank group and no one else. I guess copycats need time to get ready. Charging more than the most honest Mafia loan shark, and getting away with it because they paid off our lawmakers, all of the banks ill gotten gain is seemingly never enough.

Here is how the newly invented official shake down scheme works. Since the Government instituted electronic check clearing awhile back, banks find it harder to claim long "clearing" delays while using our float. Now our bank discovered that all they have to do is delay "accepting" the incoming electronic checks. Since - so far - no law is against doing that, it should be right. Wrong! Not in my book anyway.

Picture 2. The Bank Rewards VISA Card a Not so Honest Money

Since credit card companies shake down the merchants to the tune of 5% on average, and they often charge the card users many different "fees" it's easy to see that every thousand dollars goes through a card the bank would receive $50 and mostly without any work, or effort.

If us - users - wish to penalize any bank, all we have to do is stop using their card for awhile. Even for a month or two, or however long it takes to get even with our newly imposed $11 for a few hours "finance charge" on a couple hundred dollar outstanding balance, plus of course a $39 "late payment" penalty for good measure. Have another credit card to use, and stop using the offender's card for awhile. That is exactly what we do with our offending credit card. The unethical, overly greedy bank will "earn" precisely nothing from our purchases, until we recoup the unfair rip off we were subjected to.

It is also fascinating, that while the spread have never been wider; banks pay savers less than one percent on average on their saving accounts. At the same time they have the audacity to charge credit card users upward of 30-40% plus "fees". Clearly most banks are out of control. So is our Government whose sole function would be to protect, no, not our wonderful economy, or the banks, but us citizens and no one else! And precisely that is what the Government in America presently doesn't do!

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