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Established Contributor
Posts: 907
Registered: ‎12-09-2012
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Any one else have a isue with July statement from chase?

Something isnt right:

 

June Statement:

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

 

July Statement:

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

 

 

12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
7/31/16 TU 710 ~ EQ 699~ Ex 705
My Wallet: Cap1 3,500K ~FH 2950 Credit One 1800~Credit one #2 1500.00~Orchard Bank 400 ~NFCU nRewards 18K~NFCU Cash Rewards signature| 11K ~Care Credit 4,500
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Valued Contributor
Posts: 1,621
Registered: ‎09-15-2012
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Re: Any one else have a isue with July statement from chase?

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.

In My Wallet: Amex BCP (12/12) $50,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Prestige (4/16) $30,000

Last App: June 27, 2015
Valued Contributor
Posts: 1,340
Registered: ‎09-11-2012
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Re: Any one else have a isue with July statement from chase?


SnackTrader wrote:
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.

I agreed.

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Frequent Contributor
Posts: 319
Registered: ‎03-25-2013
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Re: Any one else have a isue with July statement from chase?

[ Edited ]

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.

 

ETA:

My gosh, can you transfer to a decent rate?

 

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Established Contributor
Posts: 907
Registered: ‎12-09-2012
0

Re: Any one else have a isue with July statement from chase?

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.


 

 

12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
7/31/16 TU 710 ~ EQ 699~ Ex 705
My Wallet: Cap1 3,500K ~FH 2950 Credit One 1800~Credit one #2 1500.00~Orchard Bank 400 ~NFCU nRewards 18K~NFCU Cash Rewards signature| 11K ~Care Credit 4,500
Last Negs to fall off: 2-Cap1 CO's PD (fall off 3/17)

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