*INTEREST CHARGE* REFUND ????

[Anonymous]

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.

[Anonymous]

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

[anonyman]

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.

[Anonymous]

---

@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.

[Anonymous]

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!