Chase Waived Late Fees on my Credit Card Account
Guest: ajulius
Post subject: Chase Waived Late Fees on my Credit Card Account
Posted: Wed Oct 04, 2006 6:24 pm
ajulius wrote:
I had a 0% balance transfer with Chase. They doubled the minimum payment requirement out of the blue. Interest rate is the same. No changes in credit score. I did 2 things: Changed my billing due date and took another 0% offering for 6 months from chase on another card but I only took half the line.
This teaches me a lesson: NEVER LOCK IN A CD RATE because you never know how much they will raise the minimum payments. The best bets are high rate MMA accounts that are fully liquid.
It went from 2% to 4%. I checked my statement and it turns out there were more issues. They claimed I was late on a payment on my last bill of which I wasn't and I paid it on time on the previous bill. I made them aware of this, and they said they are waiving all fees and that the minimum payment is staying the same. There are no fees on a 0% no balance transfer fee offer.
I had changed the payment due date which I believe was the culprit although the representative from Chase had no idea why this occured.
Weird.
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Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Wed Oct 04, 2006 6:35 pm
Quote:
This teaches me a lesson: NEVER LOCK IN A CD RATE because you never know how much they will raise the minimum payments. The best bets are high rate MMA accounts that are fully liquid.
yeah, that and dont change your billing date during a bt...
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: ajulius
Posted: Wed Oct 04, 2006 7:04 pm
maddybeagle wrote:
Quote:
This teaches me a lesson: NEVER LOCK IN A CD RATE because you never know how much they will raise the minimum payments. The best bets are high rate MMA accounts that are fully liquid.
yeah, that and dont change your billing date during a bt...
LOL, they didn't say this was the cause of the problem and they fully waived all fees, so I would still go ahead and do it.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: ajulius
Posted: Thu Oct 05, 2006 1:09 pm
ajulius wrote:
maddybeagle wrote:
Quote:
This teaches me a lesson: NEVER LOCK IN A CD RATE because you never know how much they will raise the minimum payments. The best bets are high rate MMA accounts that are fully liquid.
yeah, that and dont change your billing date during a bt...
LOL, they didn't say this was the cause of the problem and they fully waived all fees, so I would still go ahead and do it.
Update: Chase fixed the problem on the website. Wondering if this was a unique case or if it happened to others who changed their billing cycle during a balance transfer?
Scared me there for a bit. All is well now.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Post subject: Chase Waived Late Fees on my Credit Card Account
Posted: Wed Oct 04, 2006 6:24 pm
ajulius wrote:
I had a 0% balance transfer with Chase. They doubled the minimum payment requirement out of the blue. Interest rate is the same. No changes in credit score. I did 2 things: Changed my billing due date and took another 0% offering for 6 months from chase on another card but I only took half the line.
This teaches me a lesson: NEVER LOCK IN A CD RATE because you never know how much they will raise the minimum payments. The best bets are high rate MMA accounts that are fully liquid.
It went from 2% to 4%. I checked my statement and it turns out there were more issues. They claimed I was late on a payment on my last bill of which I wasn't and I paid it on time on the previous bill. I made them aware of this, and they said they are waiving all fees and that the minimum payment is staying the same. There are no fees on a 0% no balance transfer fee offer.
I had changed the payment due date which I believe was the culprit although the representative from Chase had no idea why this occured.
Weird.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Wed Oct 04, 2006 6:35 pm
Quote:
This teaches me a lesson: NEVER LOCK IN A CD RATE because you never know how much they will raise the minimum payments. The best bets are high rate MMA accounts that are fully liquid.
yeah, that and dont change your billing date during a bt...
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: ajulius
Posted: Wed Oct 04, 2006 7:04 pm
maddybeagle wrote:
Quote:
This teaches me a lesson: NEVER LOCK IN A CD RATE because you never know how much they will raise the minimum payments. The best bets are high rate MMA accounts that are fully liquid.
yeah, that and dont change your billing date during a bt...
LOL, they didn't say this was the cause of the problem and they fully waived all fees, so I would still go ahead and do it.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: ajulius
Posted: Thu Oct 05, 2006 1:09 pm
ajulius wrote:
maddybeagle wrote:
Quote:
This teaches me a lesson: NEVER LOCK IN A CD RATE because you never know how much they will raise the minimum payments. The best bets are high rate MMA accounts that are fully liquid.
yeah, that and dont change your billing date during a bt...
LOL, they didn't say this was the cause of the problem and they fully waived all fees, so I would still go ahead and do it.
Update: Chase fixed the problem on the website. Wondering if this was a unique case or if it happened to others who changed their billing cycle during a balance transfer?
Scared me there for a bit. All is well now.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 3:12 PM
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