No. of Recommendations: 0
Most systems add today's date, or a date close to today's. Right? Well, our friends at MBNA insert the date your payment is due, and while there is a place to click on information, that tells you that payments should be made at least several days before the due date, if you don't look carefully and change that date, your payment will go in on the due date and........
BINGO! Late fee! Maybe.

Is this sneaky or what?

Our electric utility (for online bill pay) does something similar to this. They use the bill due date and say that this is the date you can EXPECT them to receive payment (payment received date has to be at least 2 days in the future to allow for processing, etc.). I imagaine a fair number of people use this to pay the bill on the absolute latest day possible, however we always pay a few days in advance to avoid running the risk of late fees. We've never had any problems (knock on wood)

Side note: From what I've read and seen from their marketing efforts, MBNA is not a company whose products I'm inclined to purchase.
Print the post  


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.
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.
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.