Credit card balance, do I have a right to argue?

[LuckyTaxi]

Ok, it's not much and I CAN pay the difference but I would like to put the extra $125 elsewhere towards a different bill.

Here's the deal. Last month's statement was processed on 10/12. I visited Target on 10/11 and the dope (cashier) inadvertently rung me up twice. He voided the transaction but it took a couple of days to clear. So my last month's balance shows $455.30, which includes the $125 that was eventually voided. So I called my CC company cause I wanted to pay last month's balance in full in order to avoid finance charges. However, they tell me I'm on the hook for the full $455.30 even though the $125 was credited two days after the statement was cut. Do I have a right to bitch?

Oh he went on and said because I made additional charges to the card, they wouldn't be able to modify the balance as of last month. So basically the extra $125 is now part of my most recent purchases.

 

[lxskllr]

What's the finance charge on that amount? Principle is good and everything, but you've probably already wasted more money dealing with them than the finance charge is.

 

[LuckyTaxi]

Probably not much, I'll probably pay the extra $125 just to make next month's bill lesser. 🙂

 

[rcpratt]

Most would probably take care of that for you, but I don't see any reason why they would have to.

Weird, because this just happened to me...and I almost never return anything. But I'll just pay it off anyways, don't mind.

 

[olds]

Yes you have the right to argue. This is America, not Iran.

 

[postmortemIA]

it is one dollar finance charge if you have rate about 10%

 

[jhbball]

it is one dollar finance charge if you have rate about 10%

In the time he took to write this, he could have found a dollar in change in a couch somewhere.

 

[Mermaidman]

it is one dollar finance charge if you have rate about 10%

If he doesn't pay the full 'balance,' then the interest is calculated on the entire balance, not just the unpaid portion, right? So it's going to be . . . OMG $4!

Still, it's a matter of principle :sneaky:

 

[DrunkenSano]

Anytime I had a mistake on my Chase Credit Card, I'd call them up and they just remove it, saying they will investigate. Also, I've always paid off the actual balance on the credit card, never the amount they ask for in the monthly statement so if they credited you the money, it's money you don't have to pay.

 

[dullard]

You have the right to argue, but I don't think you'll get anywhere. They already credited your account, what else do you expect them to do? It isn't like you are losing any money on the transaction.

And now you know to learn to watch your billing date. I make all my big purchases the day after the billing date, not the day before if I can. I do this so I can keep my cash in the bank earning interest for another month. It isn't much, but it does add up over the years.

 

[postmortemIA]

If he doesn't pay the full 'balance,' then the interest is calculated on the entire balance, not just the unpaid portion, right? So it's going to be . . . OMG $4!

Still, it's a matter of principle :sneaky:

it is more complicated that than, usually fiance charge is on average balance, with 25 days grace period. so they would charge him next month, based on average balance for that month...

 

[Cookie]

I'm really surprised. I guess it depends on the CC company and your history with them. If you asked and they said no, I'd just pay it.

I paid my CC bill a day late once because I forgot. Normally I pay it all off every month on time. When I called to ask to waive the late charges and interest I had a big long excuse (lie) to use, but I was halfway through my first sentence telling him I was a day late and he said "No Problem, I'll waive the late fee and interest for you."

I was surprised then also.

 

[DrPizza]

I'm confused. $455.30, $125?

Are you saying that you really should only owe them $320.30 because the extra $125 was charged twice to your account? If they credited the $125, how the hell can they charge you more than your balance?

 

[sswingle]

I bet if you checked your account online, your total balance would be the amount less the $125. And if you paid that amount, your balance would show $0.