A few years ago, I received a Mastercard giftcard as a present from an aunt. It was a nice gift but somehow it never made it out of the birthday-card it came in. Fast-forward 3 years when I'm going through a spring-cleaning and find the birthday card with the Mastercard giftcard still sitting inside. This felt like finding a $20 in the pocket of your jeans while doing the laundry.. so here I am sitting with essentially found money and decide to splurge by using it to go out to eat, except in this case my pocket has a huge hole in it...because the card gets declined when we decide to use it to pay for the meal. We call the company who issued the card and are told that they charge a $2.50 monthly convenience fee.. Can somebody explain what the hell convenience it is to me to steal $2.50 from me on a monthly basis. This card was paid for in cash at a premium (it costs more than $25 to get a $25 card), somebody collects interest on this $25. So they are charging me 10% per month so that they can make 2.5% when they throw it in a standard savings account, how is that for 'convenience'?
Forget rallying against the 1%ers.. I'm rallying against the 10%ers
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