Chase Credit Card with Two Cycle Billing

Guest: aman74
Post subject: Chase Credit Card with Two Cycle Billing
Posted: Thu Apr 20, 2006 11:49 pm

[quote="QikPass"]Many of the newer CHASE cards have two cycle billing. My oldest chase card got convererted to this for of billing after i called in to request a lower rate, so watch out.

[/quote]

Does it actually say two cycle on your paperwork? I'm trying to determine if that's what I am on.

Did they notify you of the change?

Thanks

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Guest: QikPass
Credit Expert (100+ Posts)
Posted: Fri Apr 21, 2006 10:44 am

Its in the Term of Agreement letter they send you. Other than that, I havnt seen any notation on my statements or online. Of course you can always call them up and ask them to send you a copy of your term of agreement letter in the mail if you cant find yours.
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Guest: aman74
Posted: Fri Apr 21, 2006 12:13 pm

[quote="QikPass"]Its in the Term of Agreement letter they send you. Other than that, I havnt seen any notation on my statements or online. Of course you can always call them up and ask them to send you a copy of your term of agreement letter in the mail if you cant find yours.[/quote]

It's on my statement every month. It states how the APR and finance charge are calculated, that's why I'm asking if yours actually says 2-cycle.

Mine says average daily balance, but the wording seems different than usual.

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Guest: QikPass
Credit Expert (100+ Posts)
Posted: Fri Apr 21, 2006 3:30 pm

mine says the same thing, but the Terms of Service tells the real story. 2-cycle.
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Guest: aman74
Posted: Sun Apr 23, 2006 12:43 am

[quote="QikPass"]mine says the same thing, but the Terms of Service tells the real story. 2-cycle.[/quote]

Thanks for the info. I had read an article where it said that it would state 2-cycle, but I didn't believe it. Knowing the credit card companies they want you to have to really search for the info.

Now I just have to study these Amex offers. Trying to see what is bad about Clear for me.

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