Have the banks learnt anything?

My bank (Which Bank? Yep, that one) has again informed me that I am eligible for an increased limit on my credit card.   This is somewhat concerning and confusing because:

a) I am not living in Australia;

b) I have used my credit card about 3 times in the last 6 months for a grand total of about $300, and have

c) Generally repaid the balance late, simply because I forgot;

d) My savings account has (much) more money going out than in (courtesy of a mortgage that is generating lots of interest for said bank);

e) I have ignored every invitation to increase my credit limit in the the last 10 years – something which came about much less frequently when I was earning a wage and making my repayments on time without incurring interest.

I think the banks could do better.

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Speaker | Coach | Founder Yoga for Pain Care Australia

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