So i got a job as a sale rep for citi bank, which atm is promoting 6.9% balance transfer for life, in other words the interest won't change. Rather taking the offer that could save them thousands or hundreds they prefer to chuck money away. They give me excuses such as we like our bank, yeah you do ey, you like to pay around 18-25% interests.
well its not the offer its the hassle of changing primary banking accounts... and yeah i hate my interest rate.... but yet it doesn't affect me because i pay my bills in full every month.....
Here's two views: [1] What? Those people have got to be idiots. Only a bunch of fools would turn down an opportunity like that. Damn, you must get a real headache having to deal with idiots like that all day long. You must be really a patient and understanding guy, I mean, how the hell do you do it? Let those fools throw their money away if they want to remain idiots. You already gave them their chance at savings, and if they're too stupid, then it's their own fault. Don't lose sleep over it. -innocent2 [2] Sorry, I have to be blunt; but if you're any good as a salesman, you would have them begging you to switch their account. I don't think your prospective customers like paying 18-25% over 6.9%; you just haven't given them a reason why they should switch their accounts with you. Or let's flip your statement of "...yeah you do ey, you like to pay around 18-25% interests." into "damn, you're offering them a savings of 11-18%, and you still can't get them to sign? Wassup wit you?" The art of salesmanship is tough; some have it and some don't. If you look at how certain salesmen always seem to hit and surpass their sales target (and get their bonuses), while certain others are barely making draw, you'll know what I'm talking about. Spend more time with the successful guys and gals, and find out how they talk to customers. Additionally spend time observing the losers too, so that you can find out what not to say to a customer. Sales is a dog eat dog world; either you realize where your faults are and where you need to change, or else you won't last in this type of profession. Just choose the opinion that you prefer.
I find most banks offer anything to rope you into an account.... and then it usually ends up more hassle than its worth Why should I change accounts with a bank that i have been banking with for years hassle free? Thats your job to sway me, if you dont, then thats your fault, your the salesman
i probably wouldn't go for it either. Its not worth my time to weigh the ups and downs of it, and i would need to evaluate the possibility of what might occur in the case of bank failure (citi isnt exactly doing well at the moment). Say my current interest rate is 12% and i was offered a 7% rate if i switched banks, it might sound great at first, but there might be a load of hassle that comes with that 5% savings. I have a couple GIC's and mutual funds with a certain bank, as well as a savings account which nets me ok interest, as it stands its alot easier to deal with a single bank since i have funds tied up in semi-long term investments.
i don't think i'll change my primary account because i got it made. my friend works there n she does everything for me. deposit, withdraw, pay bills, etc.... all i do is give her a call or send her txt. its just way more convenient for me. she even helps me open accounts when they do special offers for free money. then cancel after like 2 months
i don't care what the interest rate is... cos its not like i really rack up a big debt that i won't pay back its just to delay paying it for the x days interest free unless its something i personally want, i won't exactly bother listening to anything that a sales tells me... given that wen i do ask them for something i want, they don't know wat they're talking abt... it just gives them a bad rep of knowing nothing. i know its not true with every1... but more often than not... they disappoint... at the end of day, i don't mind paying more for stuff, if the person selling to me is nice and knows wat htye're doing.
lol yer. it sounds like a nice offer but, people like to stay with the old, for some reason, maybe because its stable or something,
lol..perhaps after all the trouble waiting at the bank and taking numbers for your turn just make people think twice. online banking is cool. but most ppl with loadz cash (uncle&aunties) like to sleep with their money rather than putting them in the bank....lol
Yeah its probably that people don't really trust sales people because some of them can really rip you off, not saying that you would, but I have once been tricked on insurance and I don't think I would trust another sales person for awhile
most banks and salesman would do or tell you anything out of blue to get the contract... and the credit crunch proves there is a lot fault....
i did my part in helping some people reduce their interests from 18ish to 4.9-6.9 XD one of them even wanted to shout me a beer lol
for ur normal ppl, the interest rate doesn't affect them... and the reduced interest rate only applies for TRANSFERS so once u rack up another debt with them all over again... its all back to the 20% mark anyway... which also means, if u currently don't have a debt... all ur doing is creating hassle for urself =)
