Be warned of Standard Banks Credit revolving account, they are just ******** you.

<p>I contacted my personal banker (new one because the old could not do the job) about a revolving credit account. </p> <p> </p> <p>I dont know why i did this because ive been meaning to close all accounts with standard bank since there complaints resolution "specialist" (complete joke) promised he would come back to be asap couple months back concerning them taking money out my account they were not meant to. Ofcourse he did not do this.....</p> <p> </p> <p>Anyways, i took the risk and requested to check what i qualify for, they gave me an answer and wanted to open the account. i then asked them to hang on as i was still looking at different bikes i would like to buy. </p> <p> </p> <p>following day i emailed and said i would like to make the amount R50 000, but i want to know the interest rate and the monthly payback amount. There answer : </p> <p>R1453.48 a month</p> <p>21% interest ( which isnt bad, but wait)</p> <p>60 months</p> <p>total amount paid back R87 202 + R1500 start fee and R68 monthly fee.</p> <p> </p> <p>So over 70% paid</p> <p>R50 000 credit,</p> <p>R90 000 paid back....</p> <p> </p> <p>so before you take this account out, contact other banks because i have done this and not even going to pay back half the amount standard bank wants.</p> <p>The complaints dept are going to copy and paste there normal answer to complaints, saying a "specialist" will contact me, this has never helped. so dont bother,</p> <p>i put this on to warn people, ask all the questions and do the maths, dont let them rob you, i got caught out with my credit card and prestige accounts because i didnt have the time to ask questions, so i learnt my lesson, please dont do the same </p>