Author Topic: Live chat  (Read 2916029 times)

Hamster

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Re: Live chat
« Reply #6360 on: November 13, 2017, 05:05:21 am »


interest free "borrowing" for 55 days.

Which credit card in South Africa doesn't do that? It's not a Capitec "feature".

RayRay

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Re: Live chat
« Reply #6361 on: November 13, 2017, 07:15:54 am »
Nice tip their RayRay, I already have a Virgin money card, I'll have to take advantage of the interest free period. just a question, of you pay for fuel is it also interest free for 55 days?
As far as I have experienced, yes it is. I only buy fuel (and pay tolls) with my credit card. Have not seen any interest charges on my statements.

RayRay

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Re: Live chat
« Reply #6362 on: November 13, 2017, 07:33:13 am »
Hamster, I did not claim it to be a feature of Capitec Virgin Money. Simply pointed out that you could, and should, use the interest period to your advantage. Also, some users might not have credit cards and/or know how the interest free period works.

Patrick

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« Reply #6363 on: November 13, 2017, 08:35:25 am »
Thanks RayRay, yeah getting any money interest free is great! Cards often charge interest from the word go on cash withdrawals, and I've heard of some doing the same with fuel due to some law I believe. I'll let you know what I see on my statement.

gcr

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Re: Live chat
« Reply #6364 on: November 13, 2017, 09:48:06 am »
If you draw cash against your credit card then you don't enjoy the benefit of the 55 days interest free period - that was the purpose of the money card. Also remember that if you fail to liquidate the outstanding transaction by the 55th day then interest is charged from date that the transaction was processed. Also the banks have changed their method of processing transaction in that instead of the transaction being the date that the transaction was physically booked to your account, it is now backdated to the actual transaction date - which has reduced the 55 days to 53 days
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

PlatinumWealth.co.za

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« Reply #6365 on: November 13, 2017, 09:53:12 am »
My capitec credit card is set to straight so no 55 days for me sadly.
www.PlatinumWealth.co.za <- South African Investment and Finance forum.

Hamster

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Re: Live chat
« Reply #6366 on: November 13, 2017, 11:01:04 am »



Hamster, I did not claim it to be a feature of Capitec Virgin Money. Simply pointed out that you could, and should, use the interest period to your advantage. Also, some users might not have credit cards and/or know how the interest free period works.

I now understand...

My capitec credit card is set to straight so no 55 days for me sadly.


gcr

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Re: Live chat
« Reply #6367 on: November 13, 2017, 03:23:09 pm »
Had a quick look at the Sunday Times Top 100 listings yesterday and one of the counters I hold Adapt IT was placed 2nd over 5 years.
My holdings are showing a 31% fall in value since September 2015 - so they must have, had to do exceptionally well in the previous 2 years to achieve 2hnd place. Currently they are the 2nd most costly share in my portfolio as I am down about R 26,000 on my holdings, but then again its better than my Taste shares which are costing me in excess of R 100,000 in losses.
Orca must also be screaming because I think he also has taken a substantial thump with Adapt It in his private portfolio

Come on Zuma move to Siberia 
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

yozzi

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Re: Live chat
« Reply #6368 on: November 13, 2017, 03:57:40 pm »
Also saw that in the Sunday Times yesterday and Finbond 110% annual growth and with R10k invested 5 years ago would now be at R411k is that for real? Incedible!

Orca

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Re: Live chat
« Reply #6369 on: November 13, 2017, 09:29:16 pm »
ADI is about 20% of my portfolio so I'm not too concerned or worried at all. I obviously don't like the fall in price but it is overdone and out of favour but it I will keep it as it will perform after the next results. Their latest acquisition will add to their income as it was a big expense with the last results.
I started here with nothing and still have most of it left.

rond

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« Reply #6370 on: November 13, 2017, 09:40:02 pm »

rond

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« Reply #6371 on: November 13, 2017, 09:40:40 pm »
Hi Orca, i'd like to receive your blogs to my email ?.

rond

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« Reply #6372 on: November 13, 2017, 09:41:04 pm »
please explain to this dom kolf as to how. tx

floydthebarber71

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« Reply #6373 on: November 14, 2017, 09:06:17 am »
ADI is killing me. I regret buying in to be honest, it's still on a steady downward slope. I don't know how you guys stay so positive haha, it just irks me because I cannot seem to find any legitimate reason for this?

PlatinumWealth.co.za

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« Reply #6374 on: November 14, 2017, 09:52:40 am »
Starting to think I need to get me some Adapt IT
www.PlatinumWealth.co.za <- South African Investment and Finance forum.