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Established Contributor
ktl72455
Posts: 836
Registered: ‎12-09-2012
0

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

 

 

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Valued Contributor
SnackTrader
Posts: 1,567
Registered: ‎09-15-2012
0

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) $22.200, Cap1 Quicksilver (6/12) $14,000, Chase CSP (4/14) $12,000, Barclaycard Rewards (5/13) $10,500, Citi Forward (12/12) $9,600, Chase Freedom (12/12) $5,000

Last App: April 2, 2014
Valued Contributor
armbenderc
Posts: 1,339
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.

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12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Frequent Contributor
oscar_actuary
Posts: 311
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
ktl72455
Posts: 836
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)
1/15/14 TU 665 | EQ 648 | EX 655 ~Myfico scores
6/8/14 TU08 666 | EQ08 656 |EX08 655 } EQ04
My Wallet: Cap1 3,500K ~FH 950 Credit One 1000~Orchard Bank 2000~ Matrix 400 ~NFCU nRewards 18K~NFCU Cash Rewards signature| 5K
Last Negs to fall off: 2-Cap1 CO's PD (fall off 1/17)~Forclosure (fall off 1/16)

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