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What the hell.
I paid off my pathetic $750 limit card that had been mostly maxed out the whole time I've owned, which was going on about 4 years. And then after a couple of months of having no balance on it, I see a $39.00 charge on it, and I'm like oh great, don't tell me that's an annual fee?
So I contact them and yup, sure enough, without any warning they decide to start charging me an annual fee!
Isn't there some sort of rule on this or something?
Banks can just start charging current customers annual fees like that out of nowhere?
I believe they're required to give at least 30 days notice for a change in terms. Sometimes that notice is stuck in with a statement or comes as some other piece of mail which tends to be ignored.
Call them back and say you'll close the card unless they remove the fee. If you've been a good customer they'll hopefully remove. Who's the issuer?
Thanks guys for the replies.
It's a Discover card and the bank is HSBC.
Another crappy thing with them is they don't seem to do any CLI's at all either.
@Simply827 wrote:I believe they're required to give at least 30 days notice for a change in terms. Sometimes that notice is stuck in with a statement or comes as some other piece of mail which tends to be ignored.
This is true, you have to actually read through it.
Yup, that's what happened. I just looked through my stements online and the last 1 has mention of there being an annual fee, but it only says something like "if your card has an annual fee, blah blah blah...."
Well it doesn't say anything like "We are going to start charging you an annual fee...."
So since going by the way they word it, I would assume it would not apply to me since I've never had an annual fee before!
BS!!!!! If I had KNOWN they were going to start charging me an annual fee, I would have canceeled before hand. I like how they word it though... "If your card" instead of wording it the way they should have which is "we are going to start..."!!!!!