Finance Charge Reversed - Wamu.

[Anonymous]

I just checked my statement. I was revolving a $1300 purchase that I had made with a promo apr of 1.99%. I purchased an Sony Bravia with that

This month I paid it off around mid month, so I should have acured finance charge for half a month. 

It turned to be  38 cents, but they reversed it. I thought most of the CCC have minimum 50 cents as finance charge, so i am not sure why they came up with 38 cents FC. 

Anyway, that helped me report a zero balance to Fico which would help. 

btw, as a tip on revolving with wamu (coz wamu has avg bi-monthly finance charge calculation) I made 2 payments every month. one at start and another on 15th... This brings the avg value and hence you pay less finance charge. 

[score_building]

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@Anonymous wrote:

 (coz wamu has avg bi-monthly finance charge calculation)

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do you mean double cycle billing?  only some of their cards have that interest calculation, my wamu platinum was daily avg balance method incl new purchases.  i don't app for double cycle billing cards on principle.  it is one of the questionable practices of some lenders that is currently being scrutinized and may be barred.

[Anonymous]

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@score_building wrote:

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@Anonymous wrote:

 (coz wamu has avg bi-monthly finance charge calculation)

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do you mean double cycle billing?  only some of their cards have that interest calculation, my wamu platinum was daily avg balance method incl new purchases.  i don't app for double cycle billing cards on principle.  it is one of the questionable practices of some lenders that is currently being scrutinized and may be barred.

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yeah doube cycle billing, it is the contract that the card I have is double cycle billing. it didnt bother me coz i usually PIF, just used this promo offer of 1.99%. 

I paid i guess 3% + less than 3 dollars in finance charge during the life of the loan. 

[score_building]

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@Anonymous wrote:

I paid i guess 3% + less than 3 dollars in finance charge during the life of the loan. 

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good going void, they aint gonna get rich off of you no time soon. try as they will! he, he 

[Anonymous]

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@score_building wrote:

good going void, they aint gonna get rich off of you no time soon. try as they will! he, he 

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haha, yeah... Well, I appriciate wamu's part of reversing the small amout of finance charge that I should have paid.