Credit Card Center Advertiser Disclosure

Reply
Member
Posts: 16
Registered: ‎05-20-2009
0 Kudos

Online payment fees!

Does anyone know the new laws regarding online payment fees regarding the new Credit Act Laws? Can a credit card company still charge a same day payment fee?  After being with WFNB (LaneBryant Charge) for 12 years, they are now imposing this crazy fee as of 2 months ago.  I have been paying my bill online for 3 years and I never paid this before.  Any help on this would be truly grateful. ThanksWoman Very Happy

Regular Contributor
Posts: 170
Registered: ‎02-23-2010
0 Kudos

Re: Online payment fees!


yayo76 wrote:

Does anyone know the new laws regarding online payment fees regarding the new Credit Act Laws? Can a credit card company still charge a same day payment fee?  After being with WFNB (LaneBryant Charge) for 12 years, they are now imposing this crazy fee as of 2 months ago.  I have been paying my bill online for 3 years and I never paid this before.  Any help on this would be truly grateful. ThanksWoman Very Happy


 

They can't charge you to "make your payment" online, but they can charge for expedited service - such as same day payments.

Member
Posts: 16
Registered: ‎05-20-2009
0 Kudos

Re: Online payment fees!

[ Edited ]

Thank you so much for responding...so let me get this straight, they can charge you for same day payment even though your due date is 2 weeks away.  How bizarre is this? I wonder why all of sudden they are now doing this.  The site gives me the option to make a schedule payment...but there is now a CHARGE to change the schedule payment date.  How the H*&&  is this fair! I am so upset-------

Regular Contributor
Posts: 170
Registered: ‎02-23-2010
0 Kudos

Re: Online payment fees!

[ Edited ]

Yes, they can charge you for same day payments, but if your payment is not due for weeks away - you should be able to schedule a next day payment or future payment at no charge, or they are not in compliance with the law.

 

You will want to "make a scheduled payment" which would be the one at no charge.

Senior Contributor
Posts: 4,329
Registered: ‎09-06-2008
0 Kudos

Re: Online payment fees!

they charge you to change your payment date???  i haven't noticed this on our cards.

Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 755. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.
Regular Contributor
Posts: 170
Registered: ‎02-23-2010
0 Kudos

Re: Online payment fees!


laz98 wrote:

they charge you to change your payment date???  i haven't noticed this on our cards.


 

No. They are charging online to make a same day payment, even if you payment is not due. You can schedule a payment to occur on a future date (which is at no charge), not actually change the payment due date.

Senior Contributor
Posts: 4,329
Registered: ‎09-06-2008
0 Kudos

Re: Online payment fees!

[ Edited ]

no, i understood that part, i agree that's fair.  but i was trying to understand the OP's last sentence in the post above mine.

 

EDITED:  i see you posted between us, so the post above yours!  Smiley Tongue

Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 755. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.
Regular Contributor
Posts: 170
Registered: ‎02-23-2010
0 Kudos

Re: Online payment fees!


laz98 wrote:

no, i understood that part, i agree that's fair.  but i was trying to understand the OP's last sentence in the post above mine.

 

EDITED:  i see you posted between us, so the post above yours!  Smiley Tongue


 

I see, sorry for the confusion. I think he meant to change the date he schedules to make his payment. ?

Member
Posts: 16
Registered: ‎05-20-2009
0 Kudos

Re: Online payment fees!

Thanks for clarification guys...still not happy about the online payment fee switcharoo after 3 years of paying online.  Customer service just indicated that if you take the scheduler option that it will not post to your account until 2 days.  Basically, if  I decide to pay this thing online...I better make sure it is at least 5 days before the due date.  Goodness...how is this any different than mailing it in.....Anyway, these companies are getting sneakier day by day.  Please do not mistake my rant for having to make a payment in a timely fashion...I am  just beside myself with this card that now I have to pay to pay them to pay on the same day.  Again...I thank everyone for their feedback.  

Regular Contributor
Posts: 170
Registered: ‎02-23-2010
0 Kudos

Re: Online payment fees!

Yayo,

 

I totally understand the frustration. I had a card that did that to me prior to the change, and now is no fee for future payments (will post in 7 business days!!!!) It is very aggravating. Why should I have to pay you to pay you? Grrr. Smiley Mad

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.