Bank Managers Redundant

American Express, VISA and other credit card peddlers are after me, the small business. I don’t have a business yet, but that’s another story.

What’s your point then? I thought this ‘written word’ podcast was about movies and bank managers. Yes it is. Old movies have scenes where rich characters ask bank managers for loans.

They usually got them because of school ties. Both men went to institutions like Eton, Cambridge, Oxford, Durham, Yale or Harvard. Time evolved and credit cards strolled along, but they were for the chosen few with accountants, because they are bad in math.

Poor people know exactly how much they have in the bank and it’s usually three digits max. Drake, the rapper born and raised in Canada has so much cash, it gives him a headache, so he has accountants.

Modern day graduates don’t deal with bank managers because of digital banking. In fact, students have credit cards as we speak, not pocket money as in dollars and cents.

Years ago, I was shocked to learn that credit card companies give new graduates credit cards, thus initiating them into the ‘good life’ driven by debt.

Ayanna Pressley, the Massachusetts Congresswoman, is a big advocate of debt cancellation, the money students borrowed to go to college. Credit card debt adds to that burden.

These online ads by American Express and Visa indicate that credit cards are no longer a status symbol. It is a numbers game. Credit card companies have finally seen the light, that the more the merrier.

The more people use credit cards, more money comes in, interest that is, because nobody pays off the monthly balance, even Drake.

This is another ‘written podcast’ by Nonqaba waka Msimang.