Ok, so things have been a little quiet from my end lately, but I feel compelled to bring this up. As you probably know, there have been major changes in the works for the credit card companies. Now that I'm a pay-the-balance-in-full customer, I've been wondering what that means for me. I don't really care if they raise my rates. I'd rather they didn't, just in case. But honestly I'd be just as disappointed in myself paying 9% as 30%, so whatever. So yes, some of the companies have raised my rates. No surprise there.
What really surprised my was that Chase eliminated my minimum payment.
By now I know exactly what day to expect my statement. So I went online to check for it. I don't know about you, but I usually look at the minimum payment when I'm expecting a new statement. As soon as its more than zero, I pay it. Well of course, it stays zero for a couple days longer than I expect. So I check for a new statement. Its there. New balance. List of account activity. Everything but a minimum payment. And all the way down at the bottom it says:
You have the flexibility to skip a payment. You must payWhat? Come on Chase! You notice that I pay my full balance every month so you're trying to trick me into finance charges? Please watch out for this, people!
past due and overlimit balances immediately. However,
the remaining minimum payment for this month has been
reduced to $0. Finance charges will continue to accrue.
To reduce your balance, feel free to make a payment.







