Quote:
Originally posted by soft&beautiful
FYI , there is legislation being introduced to increase the minimum payment due so beware! Back to the cc's, first Missam you will be charge a late fee when balances are not paid on time. So make sure you make the minimum payments (normally, 2% of the balance) ASAP! If you spent the limit, say 1000, and you don't pay by the due date you will be charged a late fee which puts you over the limit then a over the limit fee will be assessed.
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This has already happened to me for my last 2 cycles. The way Bank of America explained it to me was this way they are getting the minimum + the finance charge which will help folks pay their cards down faster. I was already paying way over so I lucked out but I know there are some for who their old minimum was high and the new one is impossible.
Sometimes I feel like saying "Get yo' hand outta my pocket" (a la Malcolm X)
