Post # 1
So apparently you get penalized if you pay off your credit card. That’s right, if you have a $0 balance on your credit card at the end of the month, you might get charged a fee ($1.00 or $1.50) for not having a balance. Ridiculous. I have Chase. And I will be calling to have this removed and I may be looking at a new credit card. This is new (I ALWAYS pay my card off each month!) so I’m not too pleased.
Post # 3
Ew, that’s ridiculous. I usually never have a zero balance, just because I’m obsessed with my credit score so I like to have at least a lil bit on there. And while the charge isn’t a huge amount, its still wrong. How dare you charge me, simply because you happen to not be making money off of me at that time.
I hope they remove the fees for ya.
Post # 4
that sucks! If a person pays off their card they should not be penalized…Besides how are they calculating any charge from zero…..LAME hopefully your call can get this removed!
Post # 5
Post # 6
I have chase and am never charged a fee for having a zero balance however my FI has chase as well and this month his bill was $1.50! At first I thought I paid off the wrong amount last month and then saw that is was an interest charge.
Post # 7
This is part of the credit card companies reactions to the new regulation legislation. I would definitely shop around – you can get a card that doesn’t do this!
Post # 8
Glad to hear about the ban! Now, can they ban Chase from charging me a “service fee” for not using my checking account enough each month? (If I had direct deposit, or made 6 debit purchases from my account each month, I wouldn’t be charged a fee. But since I have no job, and therefore little money to spend, I don’t do either of those things, and they take $6.00 from my account each month. Doesn’t sound like a lot, but when you don’t have much to begin with, it adds up.)
Yeah, totally ditching Chase when I move.
Post # 9
CC are so ridiculous. I know that they also need to make money but not on my dime. I got my interest rate hiked by 7%!! Now, take note that I have a great credit score, never missed a payment, am usually really diligent with my credit card and they refused to bring the interest down THEN, they added another 5k to my available credit. Like I am stupid. You jack up my rate and you also give me more money to spend. I only spend about $100 on the card every other month or so.
Post # 10
@FutureMrsSpinewiz: I know! I left Bank of America for that reason after being with them since I was sixteen with my very first checking account because of the direct deposit thing. It was weird but I felt *personally* insulted when they started charging me for nothing. I joined a credit union instead.
*Also, this sort of reminds me about a Louis CK bit about how the bank treats you in situations like that. If you don’t mind F-bombs, look up Louis CK “broke” on youtube it’s pretty funny.
Post # 11
Ah, so this is the last month they can do this?! Punks. Totally calling on my lunch break. So So So SO stupid. This is the ONLY issue i’ve ever had with chase !
Post # 12
Wow – I had no idea! I think I have a Chase card from a long time ago that I never use anymore but never closed. What a bunch of crap!
@FutureMrsSpinewiz: I can’t believe they charge you $6 for not using your account! What kind of crap is that! You definitely need to get a new bank!
Post # 13
Ah, Chase used to charge me $6 for lifeline checking or some stupid ish like that. Unfortunately, most of my money is in Citibank and it’s free with direct deposit. I was so pissed with Chase, I removed ALL my money and left the account empty but not closed. Just in case… no more $6 thank you very much.
Post # 14
Those credit card companies will do ANYTHING they can to make a buck. It’s so sad.
I JUST paid off a Chase card last month… but read the Edina’s posted article (THANK YOU!!!) It was great news for me. I didn’t know all of that was going into effect, nice!!
Post # 15
I have chase freedom, pay off in full and so far, no fees, knock on wood.
Post # 16
Wow never happened to me before, I have Chase, so I’ll have to watch for this (atleast until 8/22 anyway). All my bills hit the CC (so I can get points) and it gets paid down to $0 on the 15th of the month. Chase sucks! The 6 transactions thing sucks too, fortunately I make a lot of transactions every month so I don’t worry about it, but I know there are circumstances when you might not make 6 transactions.