Credit Tips: Chase Credit Card Change In Policy

Posted On: May 1, 2006

Author: Ira
Posted: Wed Feb 15, 2006 3:51 pm
Post subject: New Chase Policy

Copied from an email received today:

Quote:
Chase OnlineSM offers several new online services, including the ability to:

* Schedule repeating credit card payments
* Make credit card payments from up to three different bank accounts

Please note the following changes to the payment posting policy on Chase OnlineSM: Payments made prior to 4PM EST will be credited the same day. Payments made after 4PM EST will be credited the next day at no charge. If it is after 4PM and you need your payment to be credited the same day, you can do so for a fee.

Author: stevejk
Posted: Wed Feb 15, 2006 4:25 pm
Post subject:

Better than the 1 pm cut-off like other CC companies.

Author: CreditFanatic
Posted: Wed Feb 15, 2006 4:42 pm
Post subject:

Yea, I do prefer that policy. Other companies won’t let you credit the payment after a certain time, no matter what. If you’re on the deadline, I rather pay a fee and have it credited on the same day, than to be late. In which case you still have to pay a fee for being late and you end up having a bad mark on your credit report.

Author: Ira
Posted: Wed Feb 15, 2006 5:38 pm
Post subject: the fee

two things:

1) They don’t say what the fee is, and

2) One day late may trigger a late fee, but it’s almost never reported to the CRAs unless you’re seriously late.