DISCOVER IT What is THIS!?

[Anonymous]

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@Anonymous wrote:

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@Irisa wrote:

Is this a new account?   Those dates do not seem correct. Both of my accounts only include a month (October 20- November 19 and October 6 - November 5).  Yours is for almost 7 weeks. When was the payment due for this statement?  If you don't mind me asking. 

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they've pushed my due date up.  

• Minimum Payment Due
• $26.80
• Payment Due Date
  Dec 18, 2014

Oct 06, 2014 - Nov 23, 2014     balance: $28.80    

Sep 06, 2014 - Oct 05, 2014     balance $1,490.09   paid nov 19.    

Aug 06, 2014 - Sep 05, 2014      

Julyl 06, 2014 - Aug 05, 2014

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There's your answer. Did you change the due date bc CCC usually don't on their own. So although the due date was pushed back (assuming at your request) the interest kicks in at original due date.

[yfan]

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@Anonymous wrote:

im so confuse but my 15 month 0% APR ended last billing period thats why i made sure i paid in full before my statement cuts which i did. it says $0 balance but when my statement cut today it now says $28 due dec 18. which was why im so confused. i email them asking how im incuured interest on a $0 balace ? still waitibng for a response. you said they charge interest starting from last time i paid in full ? but last time was still my 0% intro. 

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You pay interest if the day the promotional period ended, your account was not paid in full. It's that simple. It has nothing to do with the date your statement cuts, etc. etc. If your card was issued on January 1 for an 18 month 0% promo, your card must be paid in full on June 30 of the following year, even if your state "cuts" on July 15. And you pay interest on the entire unpaid amount, not just the amount you charged after the end of the promo period.

[lord_kinbote]

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@Anonymous wrote:

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@akula wrote:

From Discover;

Q: How is interest accrued if balance is not paid in full by due date.

A: "if the account wasn't paid off in full it would start earning interest, the interest would go all the way back to the last time the account was paid off in full."

Wow, avoid those interest charges.  However, I guess this is to be expected.

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im so confuse but my 15 month 0% APR ended last billing period thats why i made sure i paid in full before my statement cuts which i did. it says $0 balance but when my statement cut today it now says $28 due dec 18. which was why im so confused. i email them asking how im incuured interest on a $0 balace ? still waitibng for a response. you said they charge interest starting from last time i paid in full ? but last time was still my 0% intro. 

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Emailed them?!?  Use Discover Live Chat!  Let's get to the bottom of this - Chop Chop!  Log into discover.com and go to Help and then select Help Center, then Live Chat!

[Anonymous]

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@yfan wrote:

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@Anonymous wrote:

im so confuse but my 15 month 0% APR ended last billing period thats why i made sure i paid in full before my statement cuts which i did. it says $0 balance but when my statement cut today it now says $28 due dec 18. which was why im so confused. i email them asking how im incuured interest on a $0 balace ? still waitibng for a response. you said they charge interest starting from last time i paid in full ? but last time was still my 0% intro. 

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You pay interest if the day the promotional period ended, your account was not paid in full. It's that simple. It has nothing to do with the date your statement cuts, etc. etc. If your card was issued on January 1 for an 18 month 0% promo, your card must be paid in full on June 30 of the following year, even if your state "cuts" on July 15. And you pay interest on the entire unpaid amount, not just the amount you charged after the end of the promo period.

my first statement 

Jul 24, 2013 - Aug 05, 2013 

[lord_kinbote]

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@Anonymous wrote:

There's your answer. Did you change the due date bc CCC usually don't on their own. So although the due date was pushed back (assuming at your request) the interest kicks in at original due date.

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Yep, that makes sense.

[Anonymous]

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@akula wrote:

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@Anonymous wrote:

There's your answer. Did you change the due date bc CCC usually don't on their own. So although the due date was pushed back (assuming at your request) the interest kicks in at original due date.

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Yep, that makes sense.

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i never seen chat pop up yet ....     i didnt think i be charged by any credit card company fot a balance i paid in full before the due date. before statements cuts. i thought your interests incures any balances carried after statement cuts.  maybe i was educated myself wrong how to use credit cards. 

Oct 06, 2014 - Nov 23, 2014 

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Previous balance:            $1,490.09

Payments and Credits:  - $1,490.09

Purchases:                    +$0.00
Balance Transfers:        +$0.00

Cash Advances:            +$0.00

Fees Charged:              +$0.00 

Interest Charged:         +$26.80

New Balance:                $26.80

----------------------------------------------------------- minium due $26.80 December 18, 2014

Payments and Credits

Oct 24 -  INTERNET PAYMENT - $200

Nov 19 - PAYMENT - THANK YOU - $1,200

Nov 20 - INTERNET PAYMENT  - $90.09

Fees         

TOTAL FEES FOR THIS PERIOD                              $0.00

Interest Charges

INTEREST CHARGE ON PURCHASES:                     $26.80

INTEREST CHARGE ON CASH ADVANCES:             $0.00

INTEREST CHARGE ON BALANCE TRANSFERS:    $0.00

TOTAL INTEREST FOR THIS PERIOD:                      $26.80 

2014 Total Year-to-Date

TOTAL FEES CHARGED IN 2014:                               $0.00

TOTAL INTEREST CHARGED IN 2014:                       $26.80

[yfan]

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PorkSisig wrote:my first statement 

Jul 24, 2013 - Aug 05, 2013 

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Assuming your card then was issued on July 24, 2013, your 15-month promo period ran out on October 23, 2014. You clearly did not pay at least $200 until October 24. The interest on $200 is at 15.99% for 15 months is roughly $30... accounting for the exact date the expenses were incurred etc. etc., I'd say their calculations are exactly right at $26.80.

[Anonymous]

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@yfan wrote:

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PorkSisig wrote:my first statement 

Jul 24, 2013 - Aug 05, 2013 

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Assuming your card then was issued on July 24, 2013, your 15-month promo period ran out on October 23, 2014. You clearly did not pay at least $200 until October 24. The interest on $200 is at 15.99% for 15 months is roughly $30... accounting for the exact date the expenses were incurred etc. etc., I'd say their calculations are exactly right at $26.80.

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but i made $1,2-- after $200 so why was i not charged interest for $1,200 but only $200 ?

Payments and Credits

Oct 24 -  INTERNET PAYMENT - $200

Nov 19 - PAYMENT - THANK YOU - $1,200

Nov 20 - INTERNET PAYMENT  - $90.09

Fees         

TOTAL FEES FOR THIS PERIOD                              $0.00

Interest Charges

INTEREST CHARGE ON PURCHASES:                     $26.80

INTEREST CHARGE ON CASH ADVANCES:             $0.00

INTEREST CHARGE ON BALANCE TRANSFERS:    $0.00

TOTAL INTEREST FOR THIS PERIOD:                      $26.80 

2014 Total Year-to-Date

TOTAL FEES CHARGED IN 2014:                               $0.00

TOTAL INTEREST CHARGED IN 2014:                       $26.80

[Anonymous]

Instead of emailing them why don't you just call them right now?

[yfan]

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@Anonymous wrote:

but i made $1,2-- after $200 so why was i not charged interest for $1,200 but only $200 ?

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You may well have been - it depends on the charge dates, accural, etc. Or, it may be that the $1200 you paid later is for charges that were made later (than 10/23). Or it may be that more interest is coming in your later bills. We have no idea, and I doubt you want to - or should - disclose your itemized trasactions here. Whatever it is, you owed interest, and that's pretty clear.