WTF? STUPID credit card terms

[amdforever2]

Makes perfect sense.

Payments are applied to low rates before high rates by some.

Since your purchase rate is less than cash advance rate, payments are applied to your continuing purchases before cash. Did you really pay to zero?


Even then, if a bill is printed on the first, you pay it on the tenth, theres a finance charge that bills later for the 2nd, 3rd, 4th, 5th, etc.



BTW

your state attorney general plays golf with the banks ceos brother

 

[courtjester123]

Originally posted by: Vic
So stop using the card for a couple of days until all the pending transactions post, call them up for the balance, and then make an electronic payment for that exact amount. You shouldn't have to wait a full billing cycle.

And yeah, it's good you got that PIN changed. Credit cards should never be used for cash advances, except perhaps in some kind of dire emergency.

I think the same PIN was on that card just out of convenience. We never take cash advances...this was just a careless mistake at the ATM. It was a Chase ATM (both credit card and checking account with them) so while I remember there were some very slight differences in the "ATM experience" it wasn't enough to tip me off that I had put in the credit card instead of an ATM card.

I'll try to post an update over the next week or so.

 

[courtjester123]

Originally posted by: amdforever2
Makes perfect sense.

Payments are applied to low rates before high rates by some.

Since your purchase rate is less than cash advance rate, payments are applied to your continuing purchases before cash. Did you really pay to zero?


Even then, if a bill is printed on the first, you pay it on the tenth, theres a finance charge that bills later for the 2nd, 3rd, 4th, 5th, etc.

BTW

your state attorney general plays golf with the banks ceos brother

Since there is daily activity, paying the statement off never brings the true balance to zero. But I will have to get it to zero now.

Thanks.

 

[amdforever2]

what about the

WITHDRAW FROM

- CHECKING
- SAVINGS
- LINE OF CREDIT
- CREDIT CARD



screen?

 

[amdforever2]

If the billing method is ADB paying in full two months in a row the statement balance will stop recurring purchase interest.

 

[tmc]

looks like "-ve" balance is the way to go.

one way to get "-ve" balance is to buy a high cost item on the card, pay the card balance in full and then return the item as well.

the reason this happened for me because, i pay my college tuition on cc, and later if i drop one/more course (within a specific period ofcourse) i get a full refund (but by that time i would have already paid the cc).

 

[pontifex]

Originally posted by: amdforever2
what about the

WITHDRAW FROM

- CHECKING
- SAVINGS
- LINE OF CREDIT
- CREDIT CARD



screen?

see, i was wonderind about this too, unless since he realized he had the CC he just used it anyway.

 

[courtjester123]

Originally posted by: amdforever2
what about the

WITHDRAW FROM

- CHECKING
- SAVINGS
- LINE OF CREDIT
- CREDIT CARD



screen?

Hindsight is 20/20 of course. Looking back I recall something striking me as odd about the wording of the ATM screen, like "cash advance" instead of "withdrawal." So that should have tipped me off. But I guess I just wrote it off as Chase making changes to their ATMs as it's something that happens a lot. Esepcially now they are advertising their ATMs as being FST CSH lightning-fast.

Plus sometimes people go through some of the drudgeries of life with a little less attention to detail, ya know?

I will say in my defense I have a checking and savings account on the ATM card, but the savings account will not allow a cash withdrawal at an ATM, so the Chase ATMs NEVER ask which type of account the cash withdrawal should be coming from. The credit card obviously would not prompt for that either. So that was consistent. Most of the other options would have also been there I imagine...check balance, mini-statement, etc. Plus no alert for the 10 dollar cash advance fee, why on earth would they want to alert someone to that?

 

[wiredspider]

Originally posted by: leftyman
debit card FTW

no rewards
no purchase protection
no thanks!

 

[ElFenix]

Originally posted by: courtjester123


Dullard, thanks for the details. Over-paying looks like the best possible solution. Since I have a checking account with Chase as well, I can make payments electronically but their silly online system will not allow me to over-pay. So I will have to pay the balance, stop using the card, and watch the balance every couple days and pay it off again to keep it at zero. It's probably faster than mailing an overpayment. Still, this is a huge inconvenience. Luckily, my statement cycle closes around mid-month so hopefully I can get this done in the span of about 2 weeks.

send a payment using your checking account instead of requesting a payment on the card side.


edit: situations like this are why i don't even know my credit cards' pins.

 

[FoBoT]

yup

don't get cash advance from CC

 

[Hossenfeffer]

Over pay the card by $500-1000 for a month?

 

[middlehead]

Originally posted by: ElFenix
edit: situations like this are why i don't even know my credit cards' pins.

Same here. I still have the initial sign-up package that lists the PIN so I could get it if I absolutely needed to, but I've never memorized the PIN for anything but my debit/check card.

 

[ch33zw1z]

lesson learned=read the fine print