I just got my first Hooters card statement....balance is 36.00 and MINIMUM payment due is 20.00???? WTH???? I'm not griping about the 20.00.....but that seems a bit high for such a low balance. And I haven't even charged anything on it....the 36.00 is the annual fee. I think this card will hardly ever see the light of day!
I agree, read the disclosure...that would stink. But honestly any card I've had that has had an annual fee seems to be the same way in that the minimum payment is disproportionate to what a purchase of the same amount would be.
Any happy Hooters users to say it ain't so?
EQ 787 EX 781 TU 737 11/17/07
*** I am not an attorney. If I was, I might not clip coupons. If you want legal advice, consult an attorney. If you want my personal opinion, feel free to consider my posts***
minimum $20 I have cards that are $15 or $20. One is even $30 for the lowest minimum. If your bill was $8 minimum would be $8. If it was $21, minimum would be $20. If it were $60, minimum would still be (if 2%)$20.