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Regular Contributor
Posts: 200
Registered: ‎02-20-2013
0

Interest charge

[ Edited ]

Just notice on my last statement I was charged 3 cents interest on my Amex BCP.

 

This card is suppuse to have 0% APR through june. Yeah been carrying balance, but never saw this before.

 

It was charged the same time(seperate transaction) as my annual fee of $75. Not sure if this is related. It's just 3 cents, it is definetly not interest on my current balance, but just curious why it happened and wanted to know if anyone else expierenced this during their intro rate. 

 

No international purchases or anything like that. 


New Contributor
Posts: 201
Registered: ‎04-02-2014
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Re: Interest charge

I don't have an Amex, but I would just keep an eye on your next statment, and if happens again I would call them.  Even if its only a few cents.  I hope someone will be able to shed some light for you on this.

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Established Contributor
Posts: 582
Registered: ‎03-09-2010
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Re: Interest charge

0% APR would be for new purchases. if you are carrying a balance you would have the grace period for purchases but not fees I'm guessing. $.03 would be 1 day of interest on $75 if your APR is around 13-16%. I'm thinking the fee hit the last day of statement and $.03 is the interest for that 1 day.
Regular Contributor
Posts: 200
Registered: ‎02-20-2013
0

Re: Interest charge


Chris679 wrote:
0% APR would be for new purchases. if you are carrying a balance you would have the grace period for purchases but not fees I'm guessing. $.03 would be 1 day of interest on $75 if your APR is around 13-16%. I'm thinking the fee hit the last day of statement and $.03 is the interest for that 1 day.

Ah this makes perfect sense. The interest charge on the full statement says it was applied to $2.41, at 12.99 APR gave me the $.03. $75/31 =~2.41 so it all makes sense now. Thanks!


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