topic Re: Late Fee on Due Date? What the heck Chase! in Credit Cards

Late Fee on Due Date? What the heck Chase!

Schoolbuskid — Fri, 30 Jan 2009 16:08:17 GMT

The rundown:

My bill for my chase bp is due on Jan 25, i log in on Jan 25 to make a payment and i see that they have already charged me 39.00 late fee. I mean whats up with that...has that ever happened to any of you?

I definitely gonna give them a call and a piece of my mind, im bout fed up with the way they have been handling things lately!

Re: Late Fee on Due Date? What the heck Chase!

Anonymous — Fri, 30 Jan 2009 16:13:00 GMT

I think Chase is one of the companies you have to pay by like 3pm EST on the due date or if not it's late..You may want to go to the pymt page and look, alot of times it's on the page..

Re: Late Fee on Due Date? What the heck Chase!

oracles — Fri, 30 Jan 2009 16:29:57 GMT

I just experience with chase my due date being moved 5 days earlier. I called chase last year to get them to move my due date to the 19th because it coincide with my paycheck. I receive this month's bill and they moved my due date to the 14th. I called up to have them change it back to the 19th but it could not be done for this month, only afterwards. Luckily I pay in full and always right when I receive the bill but this was definitely disturbing.

I have always paid on the 19th. If I was in the mind frame of paying the 19th and did not look, I would have been late.

I agree with bamgirl, if you did not make a payment before the due time, they will tack the late fee on quicker than an Iraqi throwing a shoe at bush.

Definitely get into the habit of paying much earlier than the due date.

Re: Late Fee on Due Date? What the heck Chase!

score_building — Fri, 30 Jan 2009 16:41:04 GMT

i think barring issuers from setting a time on the due date is one of the items suggested in connection with new rules for ccc's.

i make several payments above the minimum each month to short circuit these type of booby traps that are still in place for now at least to collect enormous profits in fee revenue- which at this point remains a HUGE cash cow for issuers, even compared to the funds they collect on interest.

i would call and plead for (booby trap) fee removal and forgiveness.

Re: Late Fee on Due Date? What the heck Chase!

MidnightVoice — Fri, 30 Jan 2009 16:44:36 GMT

Given that the internet and online banking make life so easy, I always make sure that at least twice the minimum goes as soon as the statement cuts. I would rather pay twice and forego some interest than get a late fee!!

Re: Late Fee on Due Date? What the heck Chase!

itsjustmeibe — Fri, 30 Jan 2009 17:45:19 GMT

In these times, I don't pay anything on the due date unless it's set up for automatic withdrawal. It's too risky. I have to pay at least a few days in advance to make sure it's posted before the due date.

Re: Late Fee on Due Date? What the heck Chase!

Anonymous — Fri, 30 Jan 2009 17:48:28 GMT

Chase is full of it. I've always paid my cards about 15 days early, and over the past year or so I've noticed the due date gradually creeping down. I think if I keep with my regular pattern and not pay attention to these changes, I'll eventually end up being late!! It's blatant manipulation.

That's what I love about Discover. Due date has always been exactly on the 19th, no exceptions.

Re: Late Fee on Due Date? What the heck Chase!

Anonymous — Fri, 30 Jan 2009 17:58:06 GMT

@oracles wrote:

I agree with bamgirl, if you did not make a payment before the due time, they will tack the late fee on quicker than an Iraqi throwing a shoe at bush.

Definitely get into the habit of paying much earlier than the due date.

@Anonymous @ the bush comment .

Yeah never pay your credit card on the due date if anything make sure you pay on your card 7 days before the due date to give u a little leg room.

Message Edited by mjbfan79 on 01-30-2009 11:58 AM

Re: Late Fee on Due Date? What the heck Chase!

preci0uz — Fri, 30 Jan 2009 17:57:46 GMT

If this is the first time you're late with them, I'm sure they can probably wave the fee.

Just call and ask for a supervisor

Re: Late Fee on Due Date? What the heck Chase!

marty56 — Fri, 30 Jan 2009 18:46:10 GMT

BofA also expects they payment to be made by a certian time of the day.

Re: Late Fee on Due Date? What the heck Chase!

Comp5569 — Fri, 30 Jan 2009 19:24:20 GMT

Something I do, is as soon as the statement cuts, I pay at least the minimum just to get it out of the way. Who knows whats going to happen throughout the course of the month. Maybe you will just forget about it or something more serious could arise.

By paying the minimum as soon as the statement cuts, I eliminate the fear of missing the payment. I PIF nearly every month, however with certain months, like this month for example, I put my tuition on my credit card. Its 0% so I don't have to worry about PIF right away, however I still like the feeling of knowing I won't accidentally miss the payment. We are all human afterall.

Try it out, it feels good! haha

Re: Late Fee on Due Date? What the heck Chase!

preci0uz — Fri, 30 Jan 2009 19:34:12 GMT

I like using mint.com, because I can track all the balances on my cards and it reminds me about CC payments approching.

Re: Late Fee on Due Date? What the heck Chase!

score_building — Fri, 30 Jan 2009 19:46:29 GMT

me too. i know yodlee is popular but i prefer mint.com so far. it seems to have a slightly less clunky, cleaner interface, imho. and love the reminders, which are usually just that. they rarely if ever are necessary but i like having them in the instance that something slips by.

Re: Late Fee on Due Date? What the heck Chase!

Anonymous — Sat, 31 Jan 2009 00:25:59 GMT

@Anonymous wrote:
I think Chase is one of the companies you have to pay by like 3pm EST on the due date or if not it's late..You may want to go to the pymt page and look, alot of times it's on the page..

For Chase, you need to pay by 4pm EST for the payment to post that day.

My trick for dealing with this is to treat the statement close date as my due date and set up the payment the night before or that morning. While this is rarely perfect, and I often have a small ($20-$50) balance on my statement, it causes the card to report a much smaller balance. If, due to payments posting on the close date, I end up with a small statement balance, a few days later I pay the total current balance (Not the statement balance). Basicallyt, whenever I pay a card (2-3 times a cycle) I pay as much as they will let me. It just sucks when I know there are pending charges and I can't pay them before they post.

I know the close dates of my most active credit cards, but not the due dates. The less active ones are the ones I use once or twice a month to keep them active, and I pay them as soon as the statement posts. As long as the due date isn't less than a week after the closer date, I will never be late.

Message Edited by Mike14 on 01-30-2009 07:25 PM

Re: Late Fee on Due Date? What the heck Chase!

Schoolbuskid — Sat, 31 Jan 2009 18:24:11 GMT

hey thanks guys for the wonderful information because i did not know you had to pay by a certain time and usually i pay on the 1st of each month but i didnt for january. They've screwed me a couple of times with some payments but they adjusted fees to make up for it. I so ready to get this card paid off.

Message Edited by Schoolbuskid on 01-31-2009 10:24 AM

Re: Late Fee on Due Date? What the heck Chase!

marty56 — Sat, 31 Jan 2009 19:44:30 GMT

A little off topic but if you use your bank/cu's Bill Pay, make sure that they pay electronically and not sending a check in the mail. My CU recently switched to another company and now sends the check by mail.

I dumped the Bill Pay and am usng the CC's online bill payment.