GRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR. LOL OMFG WTF this is bull$hiznit. Time to VENT.
(Cliff)
The ONLY way to stop recurring finance charges for a cash advance on my credit card 2 months ago is to pay off the balance in full, STOP using the card for 30 days, wait another 30 days for a bill with ONLY finance charges, pay that off, and resume using the card. Period.
(Long story)
Let me start by saying I've been a credit card user for literally 20 years and this is the first time I've ever come across this. 99.95% of the time I pay off my credit cards in full. I'm fully aware that credit cards can be evil and dangerous and people frequently spin down a black hole into debt.
So, the wife and I have been comfortably using one primary credit card for the last 10 years or so. We've got our tollway passes hooked-in, Netflix and a couple other revolving charges that hit every month. We spend A LOT on the card for day-to-day expenses but knowingly do so in order to maximize whatever rewards we can get. And maybe 5 years ago we switched to a Starbucks card because airline miles were just too hard to use, we don't want a GM card, and we both love coffee.
Over the holidays I mistakenly grabbed the credit card instead of my ATM card to get some cash at an ATM. No big deal, I see that on the next credit card bill, realize what happened, call them up and get them to waive the $10 cash advance fee. I figure I'll pay a few bucks in finance charges because of the mistake and I'm happily back in business.
This month I notice another cash advance finance charge even though the bill was paid in full last month and there have been no further ATM transactions. So I call them up and the nice customer service lady was fully aware of what's going on...
She says....the finance charges for the cash advance 2 months ago will continue FOREVER because the card activity continues and the balance never gets to zero. The ONLY way to stop them is if I stop using the card for 30 days, wait for another bill with only another cash advance finance charge, pay that, and then resume using the card. There is no F'ing way. She says she understands it's illogical but that's the terms of the credit card - and most credit cards in general.
I told her that I will likely be cancelling the account because I might as well get a different credit card. I will have to switch over all automatic payments to another card (a new one that I have to open because of this) and stop using this card.
This really pisses me off because I like this particular card and don't care to add another card to my credit rating.
Thanks for letting me vent.
(Cliff)
The ONLY way to stop recurring finance charges for a cash advance on my credit card 2 months ago is to pay off the balance in full, STOP using the card for 30 days, wait another 30 days for a bill with ONLY finance charges, pay that off, and resume using the card. Period.
(Long story)
Let me start by saying I've been a credit card user for literally 20 years and this is the first time I've ever come across this. 99.95% of the time I pay off my credit cards in full. I'm fully aware that credit cards can be evil and dangerous and people frequently spin down a black hole into debt.
So, the wife and I have been comfortably using one primary credit card for the last 10 years or so. We've got our tollway passes hooked-in, Netflix and a couple other revolving charges that hit every month. We spend A LOT on the card for day-to-day expenses but knowingly do so in order to maximize whatever rewards we can get. And maybe 5 years ago we switched to a Starbucks card because airline miles were just too hard to use, we don't want a GM card, and we both love coffee.
Over the holidays I mistakenly grabbed the credit card instead of my ATM card to get some cash at an ATM. No big deal, I see that on the next credit card bill, realize what happened, call them up and get them to waive the $10 cash advance fee. I figure I'll pay a few bucks in finance charges because of the mistake and I'm happily back in business.
This month I notice another cash advance finance charge even though the bill was paid in full last month and there have been no further ATM transactions. So I call them up and the nice customer service lady was fully aware of what's going on...
She says....the finance charges for the cash advance 2 months ago will continue FOREVER because the card activity continues and the balance never gets to zero. The ONLY way to stop them is if I stop using the card for 30 days, wait for another bill with only another cash advance finance charge, pay that, and then resume using the card. There is no F'ing way. She says she understands it's illogical but that's the terms of the credit card - and most credit cards in general.
I told her that I will likely be cancelling the account because I might as well get a different credit card. I will have to switch over all automatic payments to another card (a new one that I have to open because of this) and stop using this card.
This really pisses me off because I like this particular card and don't care to add another card to my credit rating.
Thanks for letting me vent.
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