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April 21st, 2007, 09:14 AM #1Keep an eye On your credit cards
There seems to be a push towards the way the credit card companies compute your interest on balances you carry over. They are starting to use a compound your DAILY balance and this adds up to a lot more money if you carry a balance.
I charged $55 on my Macy's card and when I got the statement it said $55 but when I logged in to pay it was $57. Needless to say if you are carrying any significant balance you are going to be for a rude awakening. Chase has also switched to this new way of calculating your interest.
You are better off borrowing from the Mafia (if there was such a thing).
April 21st, 2007, 10:19 AM #2
- Join Date
- November 14th, 2005
- Chapel Hill, NC
Am paying off my Chase cards. Have some work for the sissors.
They even took over my BP gas card. No more BP for my gas guzzler.
No more business with Chase Bank.You must climb this mountain. There is no elevator. ---- Don't stick your finger in the liquid nitrogen.
April 21st, 2007, 10:39 AM #3
By valerie5794 in forum Midnight Cafe'Replies: 0Last Post: June 22nd, 2004, 03:32 AM
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