Credit Card "ammendments to your aggreement"

[mercanucaribe]

Originally posted by: spidey07

Originally posted by: mercanucaribe
If $1.50 even matters to you, you shouldn't have a 30k limit, should you?

One of the quickest ways to wealth is to eliminate expenses that shouldn't exist. Add up all these 1.50 a month, look at the intereset/wealth it will generate in 10 years.

That's the path to being a miser with high blood pressure, not wealth.

 

[Golgatha]

Originally posted by: mugs

Originally posted by: Golgatha

Originally posted by: ungsunghero

Originally posted by: DaveSimmons
This usually means for a finance charge OVER $0, i.e. between 0.01 - 1.49.

If you pay in full each month your finance charge should still be $0.

Agreed.

Hmm, this could be interesting. There was another thread recently about a finance charge on a cash advance that kept compounding interest daily so that you could never have a zero balance. So the minimum interest they could charge would be $0.01 on any balance you had, which would get bumped to $1.50 automatically....I'm in the wrong business.

What business are you in where screwing thousands of people out of $1.49 each month, while doing absolutely no work on my part, would be a step up?

fixed

 

[RossMAN]

Originally posted by: mugs

Originally posted by: spidey07

Originally posted by: DaveSimmons
See the horde of people agreeing with me, but go ahead and cancel your card if you want

I see that. And you guys are probably right. But as worded I could get hit with a $1.50 finance charge. I'm not closing the account as that would not be in my best interest.

It's the Principle of the matter. Pun intended.

You're right that it is poorly worded.

Confirmed.

For the record I agree with DaveSimmons, lover of Samsung 1080p DLP's and mugs, fellow CostCo whore

 

[smack Down]

Originally posted by: Golgatha

Originally posted by: mugs

Originally posted by: Golgatha

Originally posted by: ungsunghero

Originally posted by: DaveSimmons
This usually means for a finance charge OVER $0, i.e. between 0.01 - 1.49.

If you pay in full each month your finance charge should still be $0.

Agreed.

Hmm, this could be interesting. There was another thread recently about a finance charge on a cash advance that kept compounding interest daily so that you could never have a zero balance. So the minimum interest they could charge would be $0.01 on any balance you had, which would get bumped to $1.50 automatically....I'm in the wrong business.

What business are you in where screwing thousands of people out of Minimum of$1.49 each month, while doing absolutely no work on my part, would be a step up?

fixed

fixed