Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #21  
Old 25.09.2012, 13:50
lost_inbroad's Avatar
Forum Legend
 
Join Date: Dec 2009
Location: Town or region
Posts: 11,491
Groaned at 655 Times in 417 Posts
Thanked 16,388 Times in 6,379 Posts
lost_inbroad has a reputation beyond reputelost_inbroad has a reputation beyond reputelost_inbroad has a reputation beyond reputelost_inbroad has a reputation beyond reputelost_inbroad has a reputation beyond reputelost_inbroad has a reputation beyond repute
Re: How dumb are Swiss credit cards?

Quote:
View Post
So go with the modern times and get ebanking It's not rocket science.
Quote:
View Post
Then get a credit card issuer that does.
Certainly, but the credit card was linked to my former employer and I just didn't bother switching cards. Either way, I thought ebanking and a toll free number would sort of be considered a minimal standard..but I guess that I was wrong.
Reply With Quote
  #22  
Old 25.09.2012, 13:55
purple7374's Avatar
Member
 
Join Date: Jul 2011
Location: Winterthur
Posts: 156
Groaned at 1 Time in 1 Post
Thanked 86 Times in 68 Posts
purple7374 has earned some respectpurple7374 has earned some respect
Re: How dumb are Swiss credit cards?

To the OPs first post...

Not all swiss credit cards are like this. Try corner card.

http://www.cornercard.ch/ch/html/de/...FQVf3god9AIAag
Reply With Quote
This user would like to thank purple7374 for this useful post:
  #23  
Old 25.09.2012, 14:03
swissrob's Avatar
Senior Member
 
Join Date: Jan 2010
Location: Bülach
Posts: 399
Groaned at 6 Times in 5 Posts
Thanked 382 Times in 176 Posts
swissrob has earned the respect of manyswissrob has earned the respect of manyswissrob has earned the respect of many
Re: How dumb are Swiss credit cards?

7CHF! They would of taken it all as there is usually a minimum amount before they do part payment.

I don't know how anyone can live with out a credit card. How do you pay for car hire and hotels etc? They are fine just as long as you use it sensibly.

Also I believe you have some protection if make a large purchase on your card and then the product does not arrive or is faulty. It belongs to the credit card company until you have paid for it and they are obliged to remedy the problem.
Reply With Quote
  #24  
Old 25.09.2012, 14:07
Dack Rambo's Avatar
Forum Legend
 
Join Date: Mar 2010
Location: Switzerland
Posts: 2,998
Groaned at 208 Times in 127 Posts
Thanked 1,950 Times in 963 Posts
Dack Rambo has an excellent reputationDack Rambo has an excellent reputationDack Rambo has an excellent reputationDack Rambo has an excellent reputation
Re: How dumb are Swiss credit cards?

I just went to UBS to ask if I could see how much I owe on my next credit card bill and how it was broken down. I was told no, I must wait until the bill arrives to see how the total amount owed breaks down. Is this normal? I expected they could just print out all the details for me.
Reply With Quote
  #25  
Old 25.09.2012, 14:15
3Wishes's Avatar
Moderately Amused
 
Join Date: Jul 2010
Location: Bern area
Posts: 11,344
Groaned at 90 Times in 86 Posts
Thanked 19,651 Times in 8,693 Posts
3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute3Wishes has a reputation beyond repute
Re: How dumb are Swiss credit cards?

Quote:
View Post
7CHF! They would of taken it all as there is usually a minimum amount before they do part payment.
^^^I think this is the real story. Most U.S. credit cards do require full payment if the amount is less than $20 or $25, so it is not a stretch that Swiss cards would be the same...except it's hard to buy much of anything for 25 CHF.

Seriously OP - Tell me you were not going to make a partial payment on 7 CHF?!?
Reply With Quote
This user would like to thank 3Wishes for this useful post:
  #26  
Old 25.09.2012, 14:19
Forum Veteran
 
Join Date: Aug 2011
Location: Zurich
Posts: 1,232
Groaned at 107 Times in 64 Posts
Thanked 2,060 Times in 687 Posts
Busby has a reputation beyond reputeBusby has a reputation beyond reputeBusby has a reputation beyond reputeBusby has a reputation beyond reputeBusby has a reputation beyond reputeBusby has a reputation beyond repute
Re: How dumb are Swiss credit cards?

You have a debit card, as used by most Swiss.
Reply With Quote
  #27  
Old 25.09.2012, 14:19
Carlos R's Avatar
Forum Legend
 
Join Date: Dec 2009
Location: Roundn'about Basel
Posts: 7,232
Groaned at 105 Times in 95 Posts
Thanked 9,934 Times in 4,178 Posts
Carlos R has a reputation beyond reputeCarlos R has a reputation beyond reputeCarlos R has a reputation beyond reputeCarlos R has a reputation beyond reputeCarlos R has a reputation beyond reputeCarlos R has a reputation beyond repute
Re: How dumb are Swiss credit cards?

Quote:
View Post
On top of that, you are probably paying around 50 GBP / year for your U.K. credit card.
Actually, most likely free.

UK bank charge structures are nothing like in CH. Indeed, most services are offered for free/nada/zip, no matter what balance you have on the account.

UK credit card companies charging for the privilege? ...you're having a laugh.
Reply With Quote
This user would like to thank Carlos R for this useful post:
  #28  
Old 25.09.2012, 14:23
prof. taratonga's Avatar
Forum Veteran
 
Join Date: Dec 2009
Location: Zürich & Bignasco
Posts: 2,310
Groaned at 27 Times in 25 Posts
Thanked 4,546 Times in 1,441 Posts
prof. taratonga has a reputation beyond reputeprof. taratonga has a reputation beyond reputeprof. taratonga has a reputation beyond reputeprof. taratonga has a reputation beyond reputeprof. taratonga has a reputation beyond reputeprof. taratonga has a reputation beyond repute
Re: How dumb are Swiss credit cards?

In the name of the banks and Switzerland I would like to apologise that things work different than in the UK and making it so complicated to check the part payment box!
Reply With Quote
The following 15 users would like to thank prof. taratonga for this useful post:
  #29  
Old 25.09.2012, 14:24
Guest
 
Posts: n/a
Re: How dumb are Swiss credit cards?

Quote:
View Post
Actually, most likely free.

UK bank charge structures are nothing like in CH. Indeed, most services are offered for free/nada/zip, no matter what balance you have on the account.

UK credit card companies charging for the privilege? ...you're having a laugh.
This has started to change over the last few years. My mum has been complaining that she is now subject to "account keeping charges" for her bog-standard current account and you can forget the free overdraft facilities we used to have. She thought about changing to another bank but it seems most high street banks have been introducing similar charges.

They have to raise cash somehow to claw back all the feck ups over the last few years and we all know that the customer is the bottomless pit that funds it...
Reply With Quote
The following 2 users would like to thank for this useful post:
  #30  
Old 25.09.2012, 14:26
amogles's Avatar
Forum Legend
 
Join Date: Mar 2008
Location: Zurich
Posts: 12,361
Groaned at 340 Times in 276 Posts
Thanked 26,264 Times in 11,001 Posts
amogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond repute
Re: How dumb are Swiss credit cards?

Quote:
View Post
I just went to UBS to ask if I could see how much I owe on my next credit card bill and how it was broken down. I was told no, I must wait until the bill arrives to see how the total amount owed breaks down. Is this normal? I expected they could just print out all the details for me.
I can just check that online from my e-banking portal (the same I use for my other banking stuff). I'm with Kantonalbank. i can also login directly to my credit card provider but rarely do seeing I can see the same stuff from my banking portal.
Reply With Quote
The following 2 users would like to thank amogles for this useful post:
  #31  
Old 25.09.2012, 14:33
nic80's Avatar
Forum Veteran
 
Join Date: Jul 2009
Location: Lausanne
Posts: 801
Groaned at 3 Times in 3 Posts
Thanked 1,292 Times in 422 Posts
nic80 has a reputation beyond reputenic80 has a reputation beyond reputenic80 has a reputation beyond reputenic80 has a reputation beyond reputenic80 has a reputation beyond repute
Re: How dumb are Swiss credit cards?

We're with UBS and use internet banking. This allows access to your statement/ monthly invoice easily and you can see the charges as they're added.
I've set up Ebilling allowing me to get the invoice electronically and to pay all or part of the amount on your card.
Go have a talk to the bank, they can help you set all of this up easily
Reply With Quote
This user would like to thank nic80 for this useful post:
  #32  
Old 25.09.2012, 14:37
amogles's Avatar
Forum Legend
 
Join Date: Mar 2008
Location: Zurich
Posts: 12,361
Groaned at 340 Times in 276 Posts
Thanked 26,264 Times in 11,001 Posts
amogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond repute
Re: How dumb are Swiss credit cards?

Quote:
View Post
Certainly, but the credit card was linked to my former employer and I just didn't bother switching cards. Either way, I thought ebanking and a toll free number would sort of be considered a minimal standard..but I guess that I was wrong.
Sounds like Amex?
Reply With Quote
  #33  
Old 25.09.2012, 14:40
Dack Rambo's Avatar
Forum Legend
 
Join Date: Mar 2010
Location: Switzerland
Posts: 2,998
Groaned at 208 Times in 127 Posts
Thanked 1,950 Times in 963 Posts
Dack Rambo has an excellent reputationDack Rambo has an excellent reputationDack Rambo has an excellent reputationDack Rambo has an excellent reputation
Re: How dumb are Swiss credit cards?

Quote:
View Post
I can just check that online from my e-banking portal (the same I use for my other banking stuff). I'm with Kantonalbank. i can also login directly to my credit card provider but rarely do seeing I can see the same stuff from my banking portal.
thanks, the same service is available from UBS online (apparently) but you have to register separately for it. That's what I'm going to do.
Reply With Quote
  #34  
Old 25.09.2012, 14:44
lost_inbroad's Avatar
Forum Legend
 
Join Date: Dec 2009
Location: Town or region
Posts: 11,491
Groaned at 655 Times in 417 Posts
Thanked 16,388 Times in 6,379 Posts
lost_inbroad has a reputation beyond reputelost_inbroad has a reputation beyond reputelost_inbroad has a reputation beyond reputelost_inbroad has a reputation beyond reputelost_inbroad has a reputation beyond reputelost_inbroad has a reputation beyond repute
Re: How dumb are Swiss credit cards?

Quote:
View Post
Sounds like Amex?
Mastercard.
Reply With Quote
  #35  
Old 25.09.2012, 14:46
Guest
 
Posts: n/a
Re: How dumb are Swiss credit cards?

Quote:
This has started to change over the last few years. My mum has been complaining that she is now subject to "account keeping charges" for her bog-standard current account and you can forget the free overdraft facilities we used to have. She thought about changing to another bank but it seems most high street banks have been introducing similar charges.
They've been trying this on for many years. I recall doing some work for NatWest back in the mid-90s, writing reports that were to be used to help establish those customers least likely to complain, or move their accounts elsewhere, if they were levied a charge for Credit Cards. This included people who routinely dod not pay off their cards - i.e. who would think it less likely they'd be able to easily move, and those who used their cards very infrequently but always paid them off in full, so may not even notice if they started getting charged.

There was more to it than that, clearly, but they were clearly trying to identify the groups of users who they should not even try to charge for fear of pissing them off.
Reply With Quote
  #36  
Old 25.09.2012, 14:47
amogles's Avatar
Forum Legend
 
Join Date: Mar 2008
Location: Zurich
Posts: 12,361
Groaned at 340 Times in 276 Posts
Thanked 26,264 Times in 11,001 Posts
amogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond repute
Re: How dumb are Swiss credit cards?

Quote:
View Post
Mastercard.
You must be in some special setup then, as I have eBanking access to my Mastercard. It's the Amex card (that I have through my employer) that still seems to exist in some 1980s timewarp.
Reply With Quote
  #37  
Old 25.09.2012, 15:54
gata's Avatar
Forum Legend
 
Join Date: Jan 2009
Location: Geneva
Posts: 3,887
Groaned at 67 Times in 48 Posts
Thanked 3,629 Times in 1,702 Posts
gata has a reputation beyond reputegata has a reputation beyond reputegata has a reputation beyond reputegata has a reputation beyond reputegata has a reputation beyond reputegata has a reputation beyond repute
Re: How dumb are Swiss credit cards?

Quote:
View Post
7CHF! They would of taken it all as there is usually a minimum amount before they do part payment.

I don't know how anyone can live with out a credit card. How do you pay for car hire and hotels etc? They are fine just as long as you use it sensibly.

Also I believe you have some protection if make a large purchase on your card and then the product does not arrive or is faulty. It belongs to the credit card company until you have paid for it and they are obliged to remedy the problem.
I agree. I got a credit card after i moved here and discovered how easy is to buy plane tickets online

Quote:
View Post
I just went to UBS to ask if I could see how much I owe on my next credit card bill and how it was broken down. I was told no, I must wait until the bill arrives to see how the total amount owed breaks down. Is this normal? I expected they could just print out all the details for me.
I dont think so. I dont know if i could see how it was broken down but i was able to see how much i owe and pay it off a week early. The lady at the counter was very helpful
Reply With Quote
  #38  
Old 25.09.2012, 20:01
Island Monkey's Avatar
Forum Legend
 
Join Date: Mar 2008
Location: Wallis
Posts: 6,167
Groaned at 106 Times in 71 Posts
Thanked 6,905 Times in 3,138 Posts
Island Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond repute
Re: How dumb are Swiss credit cards?

Quote:
View Post
^^^I think this is the real story. Most U.S. credit cards do require full payment if the amount is less than $20 or $25, so it is not a stretch that Swiss cards would be the same...except it's hard to buy much of anything for 25 CHF.

Seriously OP - Tell me you were not going to make a partial payment on 7 CHF?!?
NO.. I wasn't going to make a partial payment on 7 francs!

We got the credit cards with UBS as part of the banking package; a Current account, savings account, fisca account, credit card each plus joint account for 10chf per month.

It was a case of the forms were filled out on computer by the banker and then he said sign here, here and here! Checking the forms now the 'pay full amount box' was ticked by the PC. However the other options are 'pay fixed percentage' or 'pay fixed amount' no option to pay what you want. No option was given to us by the Banker... and I signed without reading .

Any way it's probably a good thing as I don't want to get in debt, I was just suprised that a credit card works quite differently here.

Regarding my UK card, I only use that to pay for stuff on UK and other non-swiss websites, and there is no card charge for my UK card, I'm not completely money dumb! If paying in Switzerland I pay with CHF earned in CH.
Reply With Quote
The following 2 users would like to thank Island Monkey for this useful post:
  #39  
Old 25.09.2012, 20:04
Island Monkey's Avatar
Forum Legend
 
Join Date: Mar 2008
Location: Wallis
Posts: 6,167
Groaned at 106 Times in 71 Posts
Thanked 6,905 Times in 3,138 Posts
Island Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond repute
Re: How dumb are Swiss credit cards?

Quote:
View Post
I just went to UBS to ask if I could see how much I owe on my next credit card bill and how it was broken down. I was told no, I must wait until the bill arrives to see how the total amount owed breaks down. Is this normal? I expected they could just print out all the details for me.
You can register your UBS credit card on your internet banking... then you can see what you have spent whenever you want. But you have to go on and request it, UBS don't add it to your e-banking automatically.
Reply With Quote
  #40  
Old 25.09.2012, 20:48
Newbie 1st class
 
Join Date: Jul 2011
Location: Basel
Posts: 12
Groaned at 0 Times in 0 Posts
Thanked 2 Times in 2 Posts
Unnamed has no particular reputation at present
Re: How dumb are Swiss credit cards?

I agree with the suggestions to cancel the direct debit (as it does not give you flexibility) and pay electronically. However, I did give my UBS credit card back (the bank still wants me to take it but I just say no thanks) because I don't get any miles (went back to my AMX!).
Reply With Quote
Reply

Tags
credit card, ubs




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Swiss Credit Cards Gottogo Finance/banking/taxation 109 14.06.2017 14:32
Paying U.S credit cards with Swiss bank account jerallie Finance/banking/taxation 6 11.04.2011 02:21
Are there places who refuse VISA credit cards in Geneva? jrm Finance/banking/taxation 10 17.09.2010 20:08
Keeping Swiss credit cards and bank account when leaving evilshell Leaving Switzerland 11 10.05.2010 17:49


All times are GMT +2. The time now is 06:33.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0