credit cards

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dollie

Member
Location
georgia
have you ever paid a late fee for making a payment on your credit card too early? well i paid 2 of them they waived one ---i cancelled the card--i found out they al do it----
 

I don't understand - late fee for sending a payment too early?? If you sent it within the pay period, between the "beginning" and "end" of the billing period dates (usually at the top of the bill), how would that happen? Are you sure you didn't inadvertently miss a payment? I did that with my cable bill once; missed a billing, thought it was paid, couldn't understand why the subsequent bills kept showing either an overpayment or a balance carried over. Drove me insane for months before I finally called them (not a pleasant thing) and squared things up.
 
No Never...I often pay mine early... I don't understand what you mean, none of my CCC companies have ever penalised me for paying early.
 

I always pay mine in full the day I get them and mail the next day. Never heard of a problem paying too early. There must be some other reason for the fee.
 
I'm like Terry, I pay in full shortly after I get the bill and never had a problem. I'd like to hear their reasoning behind charging a late fee, what card was it, Visa, American Express?
 
Here's a new one. I pay anything I can with my United Airlines credit card. Even though I get my and a companion's fare for no charge, I try to collect miles, so that I may upgrade to first class. I will often charge items and then when I get home, I will go online to my bank and pay the bill. I have never been charged a fee for doing this.
 
dollie said:
have you ever paid a late fee for making a payment on your credit card too early? well i paid 2 of them they waived one ---i cancelled the card--i found out they al do it----
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If you make the payment during the previous billing period and then not pay during the regular billing time they will give you a fee. They have done it to me, too.
 
Ruthanne said:
If you make the payment during the previous billing period and then not pay during the regular billing time they will give you a fee. They have done it to me, too.
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Only if you pay the bill during the previous billing period, then charge more and don't pay THAT amount during its appropriate billing period. The amount you paid early WOULD have been charged in the billing period during which you charged the second amount, which is due at the end of its billing period -- you paid part of the balance that would have been due, but the rest of it is still due on its due date. You have to be aware of the card's billing period and the payment due dates.

For instance, I charge $10 and pay it ahead of time, before the end of its billing period; THEN I charge $25 also during the same billing period. The $25 is still due when it's due, regardless whether I paid that $10 early or not. You have to be aware of the billing period and due dates. That's how you can get messed up because you are thinking "I already paid that bill this month," but you didn't pay the whole balance due, only part of it -- the unpaid amount of the balance is still due and if you didn't pay that part it is late and you get a late fee.
 
Butterfly said:
Only if you pay the bill during the previous billing period, then charge more and don't pay THAT amount during its appropriate billing period. The amount you paid early WOULD have been charged in the billing period during which you charged the second amount, which is due at the end of its billing period -- you paid part of the balance that would have been due, but the rest of it is still due on its due date. You have to be aware of the card's billing period and the payment due dates.

For instance, I charge $10 and pay it ahead of time, before the end of its billing period; THEN I charge $25 also during the same billing period. The $25 is still due when it's due, regardless whether I paid that $10 early or not. You have to be aware of the billing period and due dates. That's how you can get messed up because you are thinking "I already paid that bill this month," but you didn't pay the whole balance due, only part of it -- the unpaid amount of the balance is still due and if you didn't pay that part it is late and you get a late fee.
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Nmmmm
 
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Has happened to me......once. I got my bills online and paid online, same day as I got the notice. Being so ‘prompt’ and I get dinged, was asked to wait a few days after I received the bill.
 
dollie said:
have you ever paid a late fee for making a payment on your credit card too early? well i paid 2 of them they waived one ---i cancelled the card--i found out they al do it----
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Sounds like instead of paying early, you paid twice in one billing period and then messed a payment on the next... even though that was not your intent. I doubt they had any way of knowing (or maybe even caring) your intent.
 
that is what happened---neither payment was late they just put both payments on the first bill even tho the month for the payment was on the check----we live and learn---i have always done it before i guess it is just their gimmick to make extra money
 
You have to be very careful with credit cards. You have to read all that stuff. Yeah, you DO. Some cards are some giving you $50 to sign up. Wow, bargain. NO!!!! If the card gets stolen, and you immediately report it, you agreed to pay the balance-whatever the crooks bought. If they max out your $10,000 limit, you get to pay it back. That $50 doesn't look so good , now.
Other credit card offers say, "We have partners. And we will not do x, y, z, nor sell your info." Sounds like a great card? What about those "partners"? It doesn't say "the partners" won't sell your info to anybody with a dollar.
You have to read all that stuff. Yeah, you DO.
 
dollie said:
that is what happened---neither payment was late they just put both payments on the first bill even tho the month for the payment was on the check----we live and learn---i have always done it before i guess it is just their gimmick to make extra money
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That’s exactly what happened to me.
 
dollie said:
its a chase credit card thru amazon
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Thank you for the warning! I also have a credit card thru Amazon and sometimes I pay it the day I get it. Now I will be check & make sure it's in the correct time to pay it so I won't be charged. But, the first time I'm charged will be the last time I use it.
 
Another got ya with credit cards I have seen with credit card payments is this; I pay off my card in full each month to avoid charges but if you are late one month it is difficult to get back to the "paid off" status because of the way the banks handle things. When I've done that in the past I basically just paid it off in full (including the fees tacked on for that month) and then did not use that card for a month or so. It's been a while but seems it had something to do with the fees they attach and when/how they attach them so that in their eyes you never really paid it off from one month to the next unless you paid it off and quit making charges.

With electronic notices and payments I avoid that situation pretty easy now as I set up the delayed payment when the notice arrives. I have also set the monthly dates on my most of my accounts so I handle them all on the same day to help with that. Back when I wrote checks and different accounts where due at different times each month sometimes I would forget to handle it at the appropriate time.
 
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