Lady Bracknell
Handbag at Dawn
They aren't necessarily evil but they are designed to get you to spend money you don't have. Credit card companies would go bankrupt themselves if everyone paid the balance in full every month!
But I hardly know anyone who hasn't been in some credit card grief at some point and the only way to handle it is to take charge of the situation. By not paying the minimum charge (even if it doesn't reduce the balance) the credit card company decides the rules of engagement. And they rarely play nicely.
Hindsight is a great thing and I'm sure you won't get into this sort of grief again. But at least it's only £400 worth of grief. Some people owe TENS of THOUSANDS and how on earth they get out of that I don't know.
But I hardly know anyone who hasn't been in some credit card grief at some point and the only way to handle it is to take charge of the situation. By not paying the minimum charge (even if it doesn't reduce the balance) the credit card company decides the rules of engagement. And they rarely play nicely.
Hindsight is a great thing and I'm sure you won't get into this sort of grief again. But at least it's only £400 worth of grief. Some people owe TENS of THOUSANDS and how on earth they get out of that I don't know.