topic INTEREST CHARGE REFUND ???? in Credit Cards

INTEREST CHARGE REFUND ????

Anonymous — Sat, 13 Sep 2014 03:27:54 GMT

i was looking at my bills with a balance that was off. Once i went and checked my statement and notice the reason was this? *INTEREST CHARGE* PURCHASES REFUND ($129.87) credited back to my card. Werid ... This was after they've increased my credit limit so im wondering if that had anything to do with it or if they've also changed or lowered my APR without actknowledging me. Either way! way to go! I'm not complaining, i just never had an interest refund this high And yes it was my APR has changed. Statements after July 2014 i see my APR been changed from 23.99% APR to 18% so it seems i been credited from Jan - July. On their application for PayPal Extras it states ''For new accounts: Variable purchase APR is 19.99% or 23.99%.'' I guess they volunteerly lower your APR as you get approved for credit limit increases. Not sure. Im now going look back on my other cards to see if the APR been lowered without my knowledge. People freak out about high APR

Re: INTEREST CHARGE REFUND ????

Anonymous — Wed, 17 Sep 2014 16:29:46 GMT

Did you ever figure this out? I also had the same thing post to my paypal extras...to the tune of around 900 dollars. I am just waiting for them to take it back! :-)

Re: INTEREST CHARGE REFUND ????

Anonymous — Wed, 17 Sep 2014 17:22:46 GMT

@Anonymous wrote:
Did you ever figure this out? I also had the same thing post to my paypal extras...to the tune of around 900 dollars. I am just waiting for them to take it back! :-)

you're waiting for what ? they flopped my APR from 24% to 18% APR without my knownledge and refund me the differences in interest from Jan - July before they changed my APR in August.

Re: INTEREST CHARGE REFUND ????

Burned2manybridgesB4 — Wed, 17 Sep 2014 17:27:47 GMT

If syncrony is lowering your APR automatically, maybe it's time for you to call your other cards to see if an APR adjustment is possible, as something in your credit has changed for the better.

Re: INTEREST CHARGE REFUND ????

Anonymous — Wed, 17 Sep 2014 18:17:34 GMT

@Burned2manybridgesB4 wrote:
If syncrony is lowering your APR automatically, maybe it's time for you to call your other cards to see if an APR adjustment is possible, as something in your credit has changed for the better.

well i asked for a credit limit increase and that's when i noticed the changed. I had to because CareCredit decreased my credit limit from $12,000 to $6,000 due to ''insufficient use.'' i have not used it in over a year and it ruined my overal utilization rate AND ON THE SAME DAY before it was even reported to the credit bureaus i rushed and picked up the phone and started calling every Syncrony card i had and luckily i was able to obtain $5,500 while it still showed i had $12,000 limit with CareCredit because if it were to report the new limit $6,000 that would made me look like i had made heavy use and probably would not had been approved for a credit limit increase on my other cards so luckily i saved my ***. they pissed me off though

Now if i want to raise it they wont without a hard inquiry so next time i do i'll request $20,000 instead $12,000. I told them i already have a hard inquiry from last time i was approved for $12,000 why would i take another one ? If i need to have another one it better be more than what i was approved for last time. That's like 2 hard inquiries for the same ****.

Re: INTEREST CHARGE REFUND ????

Burned2manybridgesB4 — Wed, 17 Sep 2014 18:25:03 GMT

@Anonymous wrote:
@Burned2manybridgesB4 wrote:
If syncrony is lowering your APR automatically, maybe it's time for you to call your other cards to see if an APR adjustment is possible, as something in your credit has changed for the better.
well i asked for a credit limit increase and that's when i noticed the changed. I had to because CareCredit decreased my credit limit from $12,000 to $6,000 due to ''insufficient use.'' i have not used it in over a year and it ruined my overal utilization rate AND ON THE SAME DAY before it was even reported to the credit bureaus i rushed and picked up the phone and started calling every Syncrony card i had and luckily i was able to obtain $5,500 while it still showed i had $12,000 limit with CareCredit because if it were to report the new limit $6,000 that would made me look like i had made heavy use and probably would not had been approved for a credit limit increase on my other cards so luckily i saved my ***. they pissed me off though

Now if i want to raise it they wont without a hard inquiry so next time i do i'll request $20,000 instead $12,000. I told them i already have a hard inquiry from last time i was approved for $12,000 why would i take another one ? If i need to have another one it better be more than what i was approved for last time. That's like 2 hard inquiries for the same ****.

Secondary HP's only matter if there is a difference in what's being reported, and if it's in your benefit.

Re: INTEREST CHARGE REFUND ????

cahiatt — Wed, 17 Sep 2014 19:43:13 GMT

Maybe they realized they either calculated the interest wrong or were charging a different rate than what was reported on your statement. They may have decided to fix it before the lawsuits started rolling in.

Re: INTEREST CHARGE REFUND ????

Anonymous — Wed, 17 Sep 2014 20:03:36 GMT

@cahiatt wrote:
Maybe they realized they either calculated the interest wrong or were charging a different rate than what was reported on your statement. They may have decided to fix it before the lawsuits started rolling in.

Re: INTEREST CHARGE REFUND ????

had2978 — Wed, 17 Sep 2014 22:27:39 GMT

I got that refund as well to my paypal extras mastercard for the tune of $329...

Re: INTEREST CHARGE REFUND ????

buggie — Wed, 17 Sep 2014 23:24:32 GMT

Wow, you guys! I got a refund of $7.69. Wish I got a big one like you all! My statement hasn't cut yet, but I assume it's from the reduced APR as I've seen some other people talk about in this forum.

I would love one of those refunds in the hundreds!!

Re: INTEREST CHARGE REFUND ????

Anonymous — Wed, 17 Sep 2014 23:24:54 GMT

I just noticed the same thing when I recently paid off my PayPal Mastercard balance. The refund was $230 which caused me to go into a negative balance. Think I'm safe transferring the negative balance back to my bank account? I also saw a drop in my APR. Of course I will ask them, but I'm always leery of pleasant surprises like this.

Re: INTEREST CHARGE REFUND ????

Anonymous — Fri, 19 Sep 2014 22:08:51 GMT

Holy crap, I logged in and I saw a whopping $900 credit saying *INTEREST CHARGE* PURCHASES REFUND

Re: INTEREST CHARGE REFUND ????

anonyman — Sun, 21 Sep 2014 07:02:52 GMT

The 18.24 apr goes back up to 23.99 and 26.99 as of 11/19/2014, at least for me.

It was mentioned at the end of my Sept/2014 statement.

I have about $5500 charged and will try to pay it all off before then.

So you might want to look at your recent statements before you start getting comfortable and charging it left and right or else you may end up getting slammed with some pretty steep interest charges.

Re: INTEREST CHARGE REFUND ????

Anonymous — Sun, 21 Sep 2014 07:35:01 GMT

@anonyman wrote:
The 18.24 apr goes back up to 23.99 and 26.99 as of 11/19/2014, at least for me.

It was mentioned at the end of my Sept/2014 statement.

I have about $5500 charged and will try to pay it all off before then.

So you might want to look at your recent statements before you start getting comfortable and charging it left and right or else you may end up getting slammed with some pretty steep interest charges.

mine says:

Cardholder News and Information

Due to an inadvertent error, we may have previously assessed interest on your account at an Annual Percentage Rate (APR) that was higher than the APR currently applicable to your account as shown on this billing statement. To address this issue, if you are due a refund, the refund will be reflected on this billing statement for any additional interest amounts that may have been charged as a result of this error. We apologize for any inconvenience.

Eligible card purchases may be billed under one of the following promotions: No Interest if Paid in Full within 6, 12, 18, or 24 months. Under each of these promotions, if the promotional balance is not paid in full within the promotional period, interest will be imposed from the date of purchase at a variable rate of 18.24% or at a variable rate of 23.99% if your purchase will be subject to this rate, as described in the enclosed change in terms notice. APRs will vary with the market based on the Prime Rate. Minimum monthly payments are required. See promotional advertising for further details.

Re: INTEREST CHARGE REFUND ????

Anonymous — Thu, 25 Sep 2014 17:18:25 GMT

This happened to me as well.

If you have a negative balance, a call to the automated system gives an option to send a check for the credit. I just received and cashed the check from syncrony bank for $932.30. It took less than a week.

I wonder if the transfer to Syncrony bank from GE capital unearthed the mistake.

Regardless....thank you very much Palpal/Syncrony...nice doing business with ya!

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topic INTEREST CHARGE REFUND ???? in Credit Cards

INTEREST CHARGE REFUND ????

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