Is it a credit card company's policy to charge a finance charge after you make a payment in full?

" I paid the credit card company the full amount owed well before the due date yet they still assessed me with a finance charge. I always thought that once you paid in full you owed no more. Asked by 3Putt 32 months ago Similar questions: credit card company's policy charge finance make payment full Business > Financial Planning.

Similar questions: credit card company's policy charge finance make payment full.

The issue is CREDIT CARD companies HAD the power to do whatever they wanted...READ the entire fine print...they control themselves....but not anymore(woo Hoo! ) our nrw president has really kicked them in the &^%! I cannot wait for all of this to go into effect....in the last 6 months I have been doubly screwed by at least 2 of my credit card companies......because I didn't read the zillion pages of fine print...that no one ver reads & they know it.....so they put all kinds of crap in URL1 major credit card payment was 165$ per month......last month....my bill came & it was 579$..I almost &^%$ my pants...all becau8se I didn't read the 100 pages of JUNK mail they send me each month....I got it straightened out...but what the deal was...if I did not take the NEW interest rate & pay the 579$ a month.....I could go back to the OLD interest rate but as of Jan 2010 my account will be closed.

Then on top of it....when I paid the bill last month, I guess I didn't pay attention when I worte out the check & the teller never said anything....but I worte the check 21cents short! Yes I am evil......I do admit......it was 21 cents short.....they charged me 39$ for not paying the full amount due and 357$ in finance charges.....yes over 400$ for being short 21 cents....of course I went crazy on them...and it was all "forgiven" because I am such a "valued client" if I am valued...I feel really bad for the actual UN-VALUED customer....I am counting the days until the credit card companies are being bent over................

It depends on when the closing date and grace period are.

1 You still owed finance charges for the period from your previous payment until your "final" payment. This user has been banned from Askville.

1 You still owed finance charges for the period from your previous payment until your "final" payment.

You still owed finance charges for the period from your previous payment until your "final" payment.

2 Think again, buck-o. The credit card companies are under virtually NO regulation. They can literally do what they wish; you should read that tiny boiler-plate type in your contact.

Don't think that paying off your rotating credit account makes you a good or desirable customer to them. That doesn't make them enough money. So they charge fews and raise rates whenever they feel like it and Congress roles over and takes their cut in "campaign contributions."

If you don't like it what will you do? Get another card? They don't care, you aren't making them enough money.

Honestly, their loan practices would make Tony Soprano blush, and there's not a damn thing you can do about it until you can afford your own Congressman. Wait and see...the next big financial melt-down will be the credit card pirates; they are out of control and will hang themselves. It's what capitalism does when there are no constraints.

Good luck.

Think again, buck-o. The credit card companies are under virtually NO regulation. They can literally do what they wish; you should read that tiny boiler-plate type in your contact.

Don't think that paying off your rotating credit account makes you a good or desirable customer to them. That doesn't make them enough money. So they charge fews and raise rates whenever they feel like it and Congress roles over and takes their cut in "campaign contributions."

If you don't like it what will you do? Get another card? They don't care, you aren't making them enough money.

Honestly, their loan practices would make Tony Soprano blush, and there's not a damn thing you can do about it until you can afford your own Congressman. Wait and see...the next big financial melt-down will be the credit card pirates; they are out of control and will hang themselves. It's what capitalism does when there are no constraints.

Good luck.

3 You can call and calmly, nicely talk to them about removing it.

You can call and calmly, nicely talk to them about removing it.

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