Re: OT: Credit Card Question


Margie wrote:
For many years I've used only one credit card -- a Southwest Airlines
Visa through Chase. The annual fee is pretty low and I usually score
2-3 free Rapid Rewards coupons per year, which works for me because
most of my travel is on the West Coast. I always pay my full balance
each month. Of course, I never look at the inserts that come with the
bill, but this month I happened to notice a "finance charge" and then
read the "notice of changes in terms." It appears they are now
assessing a finance charge from the DAY THE PURCHASE HITS YOUR
ACCOUNT, i.e., no grace period to pay in full without finance charge.
I have no idea how long this has been going on or if it is new this
month. It seems highly unusual and unfair to me, and I'm wondering if
this is now SOP for credit card companies. I get credit card offers
virtually every day in the mail and shred them without opening them.
Now I'm wondering if I should start shopping around for a new credit
card. Don't have the time or energy to call Chase directly yet (but I
will). Meantime, just wondering if anyone here has experienced
something like this.

Margie

I read an AOL article on credit cards recently, and Chase was mentioned
as one of the better companies as opposed to, for example, MBNA.
Citibank was another credit card company which received high marks.

Though American Express charges a yearly fee, I am comfortable with
them, and you can't get into trouble if you pay your balance at the end
of each month. It keeps me honest. LOL

They did a "60 Minutes" show on credit card companies a year or so ago
about how they were raising their rates willy nilly, for no reason.
Dan Rather, I think it was, said that what credit card companies are
doing today is the same as "loan sharking."

Jennie
Washington, D.C.

I read every single piece of mail that comes to me pertaining to credit
cards. They are a danger in these times, though you can't live without
them. The identity theft is what worries me the most.

.

Relevant Pages

  • Re: Credit Card Question
    ... assessing a finance charge from the DAY THE PURCHASE HITS YOUR ... ACCOUNT, i.e., no grace period to pay in full without finance charge. ... this is now SOP for credit card companies. ... Don't have the time or energy to call Chase directly yet (but I ...
    (sci.med.transcription)
  • Re: OT: Credit Card Question
    ... ((For many years I've used only one credit card -- a Southwest Airlines ... The annual fee is pretty low and I usually score ... assessing a finance charge from the DAY THE PURCHASE HITS YOUR ... Maybe it's the type of Chase card I have. ...
    (sci.med.transcription)
  • Re: OT: Credit Card Question
    ... There's a huge discrepancy in how credit card accounts are handled. ... I'd sure call Chase anyway, but definitely call them when you find something with terms you like better. ... Sometimes the credit card companies are desperate enough to retain their customers that they'll meet or beat terms from other companies. ...
    (sci.med.transcription)
  • OT: Credit Card Question
    ... For many years I've used only one credit card -- a Southwest Airlines ... assessing a finance charge from the DAY THE PURCHASE HITS YOUR ... ACCOUNT, i.e., no grace period to pay in full without finance charge. ... Don't have the time or energy to call Chase directly yet (but I ...
    (sci.med.transcription)
  • Re: Credit Card Question
    ... Same credit card, same thing with me. ... assessing a finance charge from the DAY THE PURCHASE HITS YOUR ... ACCOUNT, i.e., no grace period to pay in full without finance charge. ... Don't have the time or energy to call Chase directly yet (but I ...
    (sci.med.transcription)