Banks – why are they all run by idiots?
Following on from the post about trying to get a Kiwibank GoFly card – we got turned down.
Why?
Because we have a lot of lending.
No shit Sherlock – that’s because we own a lot of property – which even with a recession is worth a lot more than the lending on it. Apparently the 30,000 in credit card limits is also a concern – completely ignoring that we have always paid all the balances off in full.
This is what happens when you put a bloody “analyst” in charge – common sense has no place in their limited thinking.
So because this dumb “analyst” can’t think for himself – Kiwibank joins the list of banks that do not “match our criteria”, and will be told where to stick their accounts when things change and they are once again desperate for increased market share.
So ASB still comes out way on top – and even though I may not like some of the things they do – they are still by far the best bank in New Zealand.
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Related posts:
- KiwiBank Analysts – need to switch thier brains on.
- Applying for a new credit card.
- How to beat the banks?
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