04-02-2014 05:05 PM - edited 04-02-2014 05:06 PM
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.
04-02-2014 06:03 PM
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.
04-02-2014 09:48 PM
04-03-2014 04:45 AM
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!
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.