I have a circuit city credit card that is no interest for 3 years?
I have a chase credit card that i got from circuit city for a tv that i bought, the card was 3 years no interest. The payment was due yesterday, and i forgot until last night, i made a payment and paid the convenience fee to get the payment posted to yesterday’s date so it wouldn’t be a late payment. If it was a late payment, i would have to start paying interest. Since i paid the convenience fee and had it posted for before the cutoff time, will i still be charged interest? Will they charge interest on the convenience fee or will they charge it to the entire balance? Thanks for any answers!
You can always call or write Chase *IF* they take adverse action.
Bob
Have you logged in today to see if your payment has been credited?
BTW, love your name
They should not charge you interest if they posted the payment before the cutoff time, I would make sure to make couple more calls to insure they don’t, cause if they do those retail credit cards not only charge you 20 some % interest but will also charge accrued interest..Same as cash can back-fire for you if you don’t payoff the balance as agreed and these credit card companies cant wait for you to default…
KEEP ON THEM, DON”T WAIT TO LONG AND HAVE THEM NOTE IT INTO SYSTEM..
If you got your payment in before the deadline, you should be OK. I hope you got some kind of confirmation of that.
If it missed the deadline, then interest would be due from now on, on the entire balance.
You might escape depending on the fine print of your contract, sometime, most of the time, they have several options to get out of those sweetheart deals they use to get you in, my advice to everyone is always the same, burn the cards you have, pay off the debt you have and use cash or a check to pay and never ever get another credit card. The only purpose for them is that they are not regulated and so they can charge an interest rate a bank can’t, that’s the reason for all the fine print, if they offer you the same thing as a bank would there would be no reason for their existence so they are counting on you to breach the contract in some way so they can charge the max interest and penalties. Burn it then pay it off.
If they posted it before the cutoff for posting on the due date, it’s fine. you’re just out the convenience fee.
If they didn’t, then the whole three years with no interest deal is off.