06-21-2013 01:16 PM
Something isnt right:
No new charges
Payment due: 234.00 6/13/13
Paid: 250.00 5/13/13
Interest charged: 163.80
Purchase Interest of 29.99% on 4,176.59 =102.94
Balance transfer prior to 7/13/10 24.24% 3,054.26=60.86
No new charges
Payment due: 238.00 7/13/13
Paid: 250.00 6/13/13
Interest charged: 168.04
Purchase Interest of 29.99% on 4,274.31 =108.87>>>>>>> this went up ...no new purchases..... in 3 months..
Balance transfer prior to 7/13/10 24.24% 2873.90=59.17>>>>>> this came down
06-21-2013 01:28 PM
06-21-2013 02:17 PM
I can't be absolutely sure based on what you posted - but you are barely paying more than the minimum so depending on how the payment is applied, your balances aren't going to be moving very much. Your last statement included the end of April and beginning of May and April only has 30 days. This statement included the end of May, which has 31 days. It could very well be right because of the timing on your payments and the fact that your interest accrues more and more on each day. Since there were more days in this statement period, your interest would be higher.
Right or wrong amounts, that's a lot of interest.
06-21-2013 02:32 PM - edited 06-21-2013 02:33 PM
Payments are usually going to be applied to the lowest interest rate; hence your Transfer balance went down. Meanwhile your Purchase may increase. I think the payment may be allocated such that it only covers the interest; hence leaving you with the same principle to be hit with interest - maybe for a day longer this month.
My gosh, can you transfer to a decent rate?
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06-21-2013 05:01 PM
This is DH account, 2 cards have did a decrease in CL and it wasnt until I did a big chunk payment, so doing anything fast and drastic with chase makes me leary.
Otherwse I could BT and have t at zero. But the BT would then show as a new limit on a CC and might scare them or the other 2 to close the cards or drasticly decrease the CL.
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