Quick Q: Missed a credit card payment by 3 days. I pay the entire amount generated on the interest - or the daily rate?

[yllus]

My annual interest rate on the card is 17.97%, the daily rate 0.04909%. The payment date was the 3rd, I paid an hour ago. What's the deal?

 

[xSauronx]

wait for them to send you a bill for something like $0.23 and then call and yell at them for spending more on time and postage than your account had as the balance

 

[yllus]

Yeah, I think complaining will be the key. I wholly acknowledge it's my fault but this was a rather large bill, so if I can get them to credit me this one time I'll be happy.

 

[Anonemous]

Originally posted by: yllus
My annual interest rate on the card is 17.97%, the daily rate 0.04909%. The payment date was the 3rd, I paid an hour ago. What's the deal?

eh call them up and speak with a rep. It can do you no harm.

 

[sniperruff]

Originally posted by: Anonemous

Originally posted by: yllus
My annual interest rate on the card is 17.97%, the daily rate 0.04909%. The payment date was the 3rd, I paid an hour ago. What's the deal?

eh call them up and speak with a rep. It can do you no harm.

i second that. credit card companies are generally good to their customers.

 

[manly]

You pay compounding interest, the daily rate, on the ADB (average daily balance).

Unless we're talking about a huge bill, any late fee will probably exceed the finance charges.

 

[RagingBITCH]

Originally posted by: yllus
Yeah, I think complaining will be the key. I wholly acknowledge it's my fault but this was a rather large bill, so if I can get them to credit me this one time I'll be happy.

Why would they credit you because you don't know how to pay your bills on time?

 

[yllus]

Oh quit being a jackass. I said I know it was my fault, but if I can work the strings of customer service in my favour, I will. Grow up.

 

[rufruf44]

Originally posted by: RagingBITCH

Originally posted by: yllus
Yeah, I think complaining will be the key. I wholly acknowledge it's my fault but this was a rather large bill, so if I can get them to credit me this one time I'll be happy.

Why would they credit you because you don't know how to pay your bills on time?

Some CC companies do that as a one time courtesy, when the payment is late only by a couple a days. Human makes mistakes all the time.

 

[RagingBITCH]

Originally posted by: yllus
Oh quit being a jackass. I said I know it was my fault, but if I can work the strings of customer service in my favour, I will. Grow up.

Yea, the person telling me that they will manipulate customer service because they paid a cc bill 3 days after it was due to get out of the $XXX amount of interest they owe should really tell me to grow up.

 

[kt]

Don't most CC give you a grace period?

 

[cyclistca]

Originally posted by: RagingBITCH

Originally posted by: yllus
Oh quit being a jackass. I said I know it was my fault, but if I can work the strings of customer service in my favour, I will. Grow up.

Yea, the person telling me that they will manipulate customer service because they paid a cc bill 3 days after it was due to get out of the $XXX amount of interest they owe should really tell me to grow up.

I'll second that comment.

Anyway as someone already said your card may give you a grace period. If they don't well then you did pay late so suck it up and take it like a man.

 

[yllus]

Far too many of you act like idiots just for the sake of acting like idiots. :roll: Thanks for those who posted to help.

 

[Evadman]

You need a lower interest rate card if you are gonna carry a balance.

 

[Thegonagle]

Originally posted by: sniperruff

Credit card companies are generally good to their customers.

Bwaaaaaaaa ha ha hahahah haaaaaaa!

LMAO!

3 days late? Say hello to all the interest accrued on the daily balance since the day of purchase, and a $30 late fee to boot.

 

[Thegonagle]

Originally posted by: kt
Don't most CC give you a grace period?

Back in the olden days--say, 1999--they used to offer a 5 to 10 day grace period past the due date, but not anymore.

 

[RossMAN]

 

[CTrain]

Originally posted by: yllus
Far too many of you act like idiots just for the sake of acting like idiots. :roll: Thanks for those who posted to help.

I know serious, most everyone here acts like they never made a mistake before.
They're all perfect.

Anyway, did you make the payment by mail or net ??
When I used to mail mine in, I used the excuse of moving and then give them my parents address as the new one.
Then after 3 months or so, I'd change it back to the current one.
Works everytime.