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No. of Recommendations: 7

Most of us already do this and don't need another reason but here it is:

I BTed to an existing AMEX card last month for 1.99%. I was waiting for my statement to close on March 31 and looked up to make sure everything was OK and what my minimum payment was... Low and behold i have been changed $41 in interest on less than $3500. I am paying the 18.9% interest.

I called AMEX and was very polite and they admitted the mistake and will be removing the interest and changing the BT funds to 1.99%.

Imagine if I hadn't looked how much interest that would have added up to, not to mention all the other "mistakes" that might not get caught by others.

It pays to be aware!


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