Some of us take pride in spending within our credit card limit and paying our credit card bill in full each month. We think we are great customers. But in actual fact, card issuers think otherwise.
Here's a good read from The Star today, "Do you know you are not a good customer if you pay debts on time? So ..."
Here's what the article says..
"I AM quite sure the bank that issues me my credit cards (just two) does not consider me a good customer.
I spend way below my credit limit and, save for a few occasions, pay my bill in full and on time.
A friend who works in the industry once told me: “To be honest, you are not the kind of customer we want. A good customer is one who spends more, defaults now and then, and allows us to charge interest on his outstanding balance.”"