(no subject)
Yeah so I noticed on my January credit card statement that I was being assessed a finance charge despite me clearing the account every period, in other words never carrying any balance over from the previous statement; Paid-in-full every month (I don't spend more money than I have...);
But I was still being charged a finance fee? That obviously did not add up, so I called the CC company to determine where the charges were coming from... After he admitted to it being a "fluke" I was credited back that amount... While I had him on the phone I started looking back to statements prior, and to my surprise (and stupidity for not noticing), this had been going on for four months!!
Needless to say I got credited back the full amount of all interest, but what a great scheme to start charging interest to an idiot like me who pays in full without looking at the bill in detail, and when caught "oh sorry, I contacted my account manager and he can't figure out how or why it happened..." He even said he filed a claim in the research department (or whatever they call it) and was at least blunt enough to tell me all I'm likely to receive is an apology from them...
Gotta always keep your eyes open I suppose, can't continue to make money on your credit cards (it's a rewards card) without the CC company looking to get some of the cash back eventually...
But I was still being charged a finance fee? That obviously did not add up, so I called the CC company to determine where the charges were coming from... After he admitted to it being a "fluke" I was credited back that amount... While I had him on the phone I started looking back to statements prior, and to my surprise (and stupidity for not noticing), this had been going on for four months!!
Needless to say I got credited back the full amount of all interest, but what a great scheme to start charging interest to an idiot like me who pays in full without looking at the bill in detail, and when caught "oh sorry, I contacted my account manager and he can't figure out how or why it happened..." He even said he filed a claim in the research department (or whatever they call it) and was at least blunt enough to tell me all I'm likely to receive is an apology from them...
Gotta always keep your eyes open I suppose, can't continue to make money on your credit cards (it's a rewards card) without the CC company looking to get some of the cash back eventually...