Here's a question for my fellow geekzoners..
Let's say you apply for a credit card that has an Annual Fee of say $200.. (consider it like a membership)
Legally or otherwise, at what stage do you think that "membership" should commence, and the "annual fee" be payable?
Should it commence from the date of issue/approval?
Or should it commence from the date of activation?
Unlike most memberships or annualised service fees (such as Insurance), with credit cards what you're paying for cannot be used at all until it is activated.
Therefore, when would be the appropriate time to set the anniversary and/or charge the "annual" fee be?
I'd like to hear your thoughts and perspectives..