Re: OT: Credit Card Question

I'd shop, Margie. 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. (I'm sure you don't need me to say to read the fine print!!)

Good luck. As a general rule, I hate CC companies. There's a paranoid part of me that believes that they're all rats, and you should never turn your back on them. <G>

Anne


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
.

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