No. of Recommendations: 0
I called to inquire about it and the friendly person told me that since some people aren't comfortable with the usual 2.2% (I think that was the amount) they've adopted a new policy that simply adds $10.00 to the interest charge.



What is the $10 fee for and will it be added every billing period or what?


I noticed the drop in minimum required too. Then when someone else posted later in the day that there were errors in some 14,000 statements stating no payment was required...when there actually was a minimum required...I called to double check.

The guy told me they were lowering minimim requirements from 2.2% to 1%. He didn't mention any additional charges. May be calling them up again for more info and/or going back to my previous payment amount.
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement