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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Thanks but no thanks Date:  9/22/2013  3:13 PM
Author:  Retrograde Number:  307259 of 312949

My concern was that the maintenance fee could be billed. But their paperwork says the fee will be "applied" and "collected," and they can only do that through the card?

Correct, they can only take away from the balance on the card.

Some people reuse these cards and add money to them periodically, but if you drain it all at once then there won't be any money to deduct for fees.
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