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I have auto pay set on a CC account. 3 days before a due payment I
used a card; they added those fees and put me over the payment giving
me a late fee.
I cannot get an answer out of them: How late are new fees added to
that VERY SAME month's fees?
If I made a purchase 2 days before the due date would that fee be
added?
What about 1 day?
What about 1 hour?
I think its crazy to up a monthly due fee when theres only a couple
days before that fee is due.
You owe $20.00 due on Friday. On Wednesday you make a purchanse now
you owe $21.00.
You auto-pay $20.00 then they charge a late fee of $39.00.
Sounds totally unfair.....unless we are supposed to check our accounts
every 3 days; 10 times a month?
Or, is it every day? Every 6 hours?
'C00-C00!'
Abrams1117 wrote on [Thu, 21 Jun 2007 04:08:02 -0500]:
> I have auto pay set on a CC account. 3 days before a due payment I
> used a card; they added those fees and put me over the payment giving
> me a late fee.
Perhaps you need to get your terms straight. A purchase is not a fee.
Maybe that's why you are confused.
> If I made a purchase 2 days before the due date would that fee be
> added?
A purchase is not a fee.
> I think its crazy to up a monthly due fee when theres only a couple
> days before that fee is due.
A minimum payment due is not a fee.
> You owe $20.00 due on Friday. On Wednesday you make a purchanse now
> you owe $21.00.
> You auto-pay $20.00 then they charge a late fee of $39.00.
Sounds like you are only paying the minimum. You should pay in full.
A payment should be due based on the previous months statement, not
current transactions.
Which credit card company?
My online banking instructions say to pay five business days before due
date. That may cost a little interest, but avoids MUCH larger late fees.
Mike Morgan
--
To reply via e-mail, delete twangtown and substitute earthlink.
"Abrams1117" <J...@p...com> wrote in message
news:1182381702.470593.204270@q69g2000hsb.googlegrou
ps.com...
> I have auto pay set on a CC account. 3 days before a due payment I
> used a card; they added those fees and put me over the payment giving
> me a late fee.
>
> I cannot get an answer out of them: How late are new fees added to
> that VERY SAME month's fees?
>
> If I made a purchase 2 days before the due date would that fee be
> added?
>
> What about 1 day?
>
> What about 1 hour?
>
> I think its crazy to up a monthly due fee when theres only a couple
> days before that fee is due.
>
> You owe $20.00 due on Friday. On Wednesday you make a purchanse now
> you owe $21.00.
> You auto-pay $20.00 then they charge a late fee of $39.00.
>
> Sounds totally unfair.....unless we are supposed to check our accounts
> every 3 days; 10 times a month?
>
> Or, is it every day? Every 6 hours?
>
> 'C00-C00!'
>
On Sat, 23 Jun 2007 16:57:55 -0500, "Mike Morgan"
<c...@t...net> wrote:
>My online banking instructions say to pay five business days before due
>date. That may cost a little interest, but avoids MUCH larger late fees.
>
>Mike Morgan
There shouldn't be any reason for that in this day and age.
Thumper
In article <b...@4...com>,
Thumper <j...@c...net> wrote:
> On Sat, 23 Jun 2007 16:57:55 -0500, "Mike Morgan"
> <c...@t...net> wrote:
>
> >My online banking instructions say to pay five business days before due
> >date. That may cost a little interest, but avoids MUCH larger late fees.
> >
> >Mike Morgan
>
>
> There shouldn't be any reason for that in this day and age.
> Thumper
Thumper
Not all businesses accept payment in electronic transfer form. When a
payment needs to be sent to a business that does not accept payment in
electronic form, the issuing bank mails a check to pay the obligation.
The five business day advice is general advice, to cover the possibility
a check will have to be mailed.
--
I do the best I can, but I could be wrong.
please post reply to newsgroup.
David, Williamsport, PA. USA.
Abrams1117 wrote:
> I have auto pay set on a CC account. 3 days before a due payment I
> used a card; they added those fees and put me over the payment giving
> me a late fee.
>
There's something wrong here. I am looking at a statement 'closing date'
of 6/14, that's the night my bill is totaled for the month. I got the
bill in the mail around 6/20, and it's due to them on 7/4 (yes, I know,
a holiday, that's a different gripe). I have about two weeks after
receipt of that bill to pay it. 20 days from the time it was cut. Any
charges after 6/14 don't count until the next bill. Charges that put you
over the limit during that time will still trigger penalties, however.
You might want to clarify your issue. And any autopay feature should
(needs!) to be set for four days before the due date. Think about it, If
you set a date of the 15th of the month, that can be a Saturday, and a
monday holiday will put you three days late. I had a card that offered a
5% cash rebate on supermarket and gas, but they shortcycled enough
(payment due too soon after bill was received) that I set an automatic
payment for the day after the monthly bill was cut, just to be sure I'd
never have a late fee. The couple times the regular payment was late, I
only incurred a bit of interest, no penalty. (Too much of a pain,
stopped using that card).
JOE
joetaxpayer wrote on [Sun, 24 Jun 2007 10:37:03 -0500]:
> You might want to clarify your issue. And any autopay feature should
> (needs!) to be set for four days before the due date. Think about it, If
> you set a date of the 15th of the month, that can be a Saturday, and a
> monday holiday will put you three days late. I had a card that offered a
> 5% cash rebate on supermarket and gas, but they shortcycled enough
> (payment due too soon after bill was received) that I set an automatic
> payment for the day after the monthly bill was cut, just to be sure I'd
> never have a late fee. The couple times the regular payment was late, I
> only incurred a bit of interest, no penalty. (Too much of a pain,
> stopped using that card).
If the autopay is setup form the card site, i.e. the card issuer pulls
from your bank account, it should never ever be late and you can only
set it up to be paid on the due date.
On Sun, 24 Jun 2007 10:12:12 -0500, David <d...@s...net> wrote:
>In article <b...@4...com>,
> Thumper <j...@c...net> wrote:
>
>> On Sat, 23 Jun 2007 16:57:55 -0500, "Mike Morgan"
>> <c...@t...net> wrote:
>>
>> >My online banking instructions say to pay five business days before due
>> >date. That may cost a little interest, but avoids MUCH larger late fees.
>> >
>> >Mike Morgan
>>
>>
>> There shouldn't be any reason for that in this day and age.
>> Thumper
>
>Thumper
>Not all businesses accept payment in electronic transfer form. When a
>payment needs to be sent to a business that does not accept payment in
>electronic form, the issuing bank mails a check to pay the obligation.
>The five business day advice is general advice, to cover the possibility
>a check will have to be mailed.
Every business SHOULD accept payment in electronic form in 2007.
Thumper
Thumper <j...@c...net> writes:
> On Sun, 24 Jun 2007 10:12:12 -0500, David <d...@s...net> wrote:
> >Not all businesses accept payment in electronic transfer form.
> >When a payment needs to be sent to a business that does not accept
> >payment in electronic form, the issuing bank mails a check to pay
> >the obligation. The five business day advice is general advice, to
> >cover the possibility a check will have to be mailed.
> Every business SHOULD accept payment in electronic form in 2007.
And I should have a pony.
In the real world, though, paper checks are still an
essential means of payment in the US.
In certain other countries, things have progressed a
bit (ie. Germany, Austria, Netherlands) (see, for
example, the Wikipedia page on "cheques" and
"The Future of Cheques").
Some interesting stuff.
(I suppose Paypal solves much of these issues, too,
but I don't much like them and cancelled my account
with them years ago - and getting my own money out
of them was like pulling teeth)
--
Plain Bread alone for e-mail, thanks. The rest gets trashed.
No HTML in E-Mail! -- http://www.expita.com/nomime.html
Are you posting responses that are easy for others to follow?
http://www.greenend.org.uk/rjk/2000/06/14/quoting
"Thumper" <j...@c...net> wrote in message
news:jr8t735u5koiptnt2i1bd0f1geb2ad16pk@4ax.com...
> On Sun, 24 Jun 2007 10:12:12 -0500, David
>
> Every business SHOULD accept payment in electronic form in 2007.
> Thumper
Maybe so, but I can't make my insurance payments with a credit card and I
don't see any reason for any other kind of electronic payment.
Elizabeth Richardson
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