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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.
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