27 August 2005

A Credit Card That Really is Free For Life?

Just when I thought I’d seen it all I stumbled across Doha Bank in Qatar. They offer a line of credit cards that are “free for life”. I’m not quite sure what that means but what I found most intriguing was the fact that the monthly minimum payment is 10% of the outstanding balance. This is a huge amount when compared with minimums in the UK or the US.