A Comment on the New Credit Card Bill...
I only hope it addresses an issue close to me, one I ran into with a card called "CareCredit." After incurring and paying off early a several thousand dollar vet bill for my cat, with the exception of 300.00 out of nearly 6K, the credit card company first erroneously charged me interest after a few months when it should have been free for a year, and worse, much worse, I learned they charged me interest on the 5000.00 ...more »
I only hope it addresses an issue close to me, one I ran into with a card called "CareCredit." After incurring and paying off early a several thousand dollar vet bill for my cat, with the exception of 300.00 out of nearly 6K, the credit card company first erroneously charged me interest after a few months when it should have been free for a year, and worse, much worse, I learned they charged me interest on the 5000.00 (+) I had paid off seven months early! Before that happened, I didn't even know credit card companies were charging interest on amounts paid off, when the balance was not paid in full. (5700 was paid of 6000.00. 300.00 remained. I was charged interest on 6000.00, as though I had never paid anything off!) PLEASE TELL ME THIS NEW BILL STOPS THIS ILLEGAL PRACTICE! So far, just from scanning details, I haven't seen anything specific that addresses this practice. Also, please tell me this goes into effect IMMEDIATELY (not a year from now).
« less full details »



Social Web