1 I have a Sony Card (Chase) that is interest free the first year. My Visa Card from the Credit Union is interest free as long as I pay the balance every month. I do.
Bunny1952 replied to post #1: 2 Thanks for your answer. I'll give you an example of what I'm referring to. I got a Costco American Express because you get a rebate and Costco only takes American Express.
I got a statement with a balance of $1900 that was due May 24. I paid the total amount online on May 18 which showed as the post date on my next statement. This brought me to a zero balance.
There were also several new charges on the statement for a total of $208.48 but they added $9.18 finance charge, even though I paid off the balance the previous month six days before the due date. I had a Washington Mutual card that added a service charge to the very first statement I got - before I had a change to make a payment at all. I was just wondering how common this is.
Schelli replied to post #2: 3 I'd contact CostCo/AmEX - that doesn't seem right. As to WaMu - never had that problem.
4 It is called "creative accounting" and there is a move in congress to limit it. They play with averages and dates. My Credit Union does not do that to me.
That was my point. Sony is also good - for a while.
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