Ok.. I admit I've never been too brilliant at understanding finance and banking.

That's probably why so many working artists and musicians need good managers and accountants ?

As it is, I'm not even a working musician, just anther dopey old arty farty hippy.

My credit card debt is the equivalent of 2 or 3 very pricey guitars.

I just realised my monthly repayment to Barclaycard was a day overdue,
so phoned to apologise.
The customer service guy was easily understanding and automatically offered to refund the £12 penalty charge.

So far, that's good.

But then he happened to mention an additional interest charge, which it transpires is basically another hidden penalty charge, of over £100.

just for paying a day late.

When I expressed shock and annoyance, again he quickly offered to refund this charge as well as a gesture of goodwill.

So, this was a real learning experience for me.

Don't naively believe a late payment is only charged the standard penalty of 'only' £12.

the cunning embezzling bastards !!!