Finance charges and credit cards- I need help

I paid off a Sandals BOA credit card yesterday. Why when I look at my online account, I am charged 48.78 and this is the finance charge? From the order of the transactions, I paid off the account first and it had a 0 balance, then the same day they tacked on the charge. The bad thing is when I had like a 3,000 balance on it, the finance charge was in the 60.00 range so why am I being charged close to the same amount for 0.00 balance? Can I dispute this? I don't care about closing out credit cards lowering your score, this one is going to credit card hell.


Did you call them and ask them to explain the charge to you? I would start there and then, based on their answer or lack thereof, start disputing it up the management chain.
Democracy is not a spectator sport.

You know why pandas are endangered? Cause pandas ain't got no game.

Jesus loves you, but I'm his favorite.
That could be the same thing I was asking about on another thread. When I called they said it was a finance charge from the first day of the last cycle until the day I paid off the credit card.

I still don't totally get it, but it sounds like if the statement is printed out Monday, by Tuesday the balance has already changed. I usually call and say what will my balance be on this day? They give me isht and never want to give me an exact total so I send 10 dollars more. Once it all clears I see my balance ad make a purchase for that exact amount.
Location: Chicago

~~~~~~~~~~~~~~~~~~~~~~~~~~~

"If you don't stand for something you will fall for anything."
Malcolm X
This is one of those shady things that some credit card companies do. They charge you interest on your average daily balance over the prior two months, not the billing cycle. This doesn't really affect the people that pay the minimum payment each month and always keep a balance. This screws over the people who make large purchases and pay them off over a short period (i.e. two or three months). I think it was started when people started doing those balance transfer offers. I would call them and see if there's anything they can do. Sometimes they will reverse the charge.

I just got a notice from Discover saying that they are no longer using the 2-month ADB method. It's a strict billing cycle system now. This is the way it should be.
Did you call them and ask them to explain the charge to you? I would start there and then, based on their answer or lack thereof, start disputing it up the management chain.
Originally Posted by gekko422
No, I haven't because I didn't know if I actually had a case to dispute it or not, which is why I asked here first.


happened to me too once.
No MAS.

I am the new Black.

"Hope the Mail are saving space tomorrow for Samantha Brick's reaction piece on the reactions to her piece about the reactions to her piece." ~ Tweet reposted by Rou.

http://www.youtube.com/user/Kimshi4242

http://www.tumblr.com/blog/kimshi4242
Did you call them and ask them to explain the charge to you? I would start there and then, based on their answer or lack thereof, start disputing it up the management chain.
Originally Posted by gekko422
No, I haven't because I didn't know if I actually had a case to dispute it or not, which is why I asked here first.
Originally Posted by Jaguar Paw

No, I wasn't saying not to ask here, I was just saying I would call them and ask them to explain how they charge. Then based on my acceptance or non-acceptance of the legitimacy if their answer, I would make the decision to start disputing it.
Democracy is not a spectator sport.

You know why pandas are endangered? Cause pandas ain't got no game.

Jesus loves you, but I'm his favorite.
Did you call them and ask them to explain the charge to you? I would start there and then, based on their answer or lack thereof, start disputing it up the management chain.
Originally Posted by gekko422
No, I haven't because I didn't know if I actually had a case to dispute it or not, which is why I asked here first.
Originally Posted by Jaguar Paw

No, I wasn't saying not to ask here, I was just saying I would call them and ask them to explain how they charge. Then based on my acceptance or non-acceptance of the legitimacy if their answer, I would make the decision to start disputing it.
Originally Posted by gekko422
I hope you didn't take my reply as being snarky. I wasn't trying to be and I knew that you weren't being smart with me with your response. I was just trying to explain that no, I haven't called them yet. I wanted to gather other opinions and also see if others went through the same thing and what they did about it. I know you weren't saying not to ask my question here.

I've questioned an overdraft charge with them before and they denied my request to have it moved. This time I want some ammunition to throw at them about this charge, just in case they try to get crazy with me. I plan on just closing out my checking account with them anyway.


happened to me too once.
Originally Posted by Phoenix

What was the outcome?


Trending Topics


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -6. The time now is 12:01 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright 2011 NaturallyCurly.com