- Report: #578764
Complaint Review: Chase Credit Card
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| Chase Credit Card
Internet United States of America |
|
Chase Credit Card secret interest fees after paying off balance! Internet
*Consumer Comment: It's called Accrued Interest
*Consumer Comment: same thing here
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This report was posted on Ripoff Report on 03/05/2010 02:53 PM and is a permanent record located here: http://www.ripoffreport.com/r/Chase-Credit-Card/internet/Chase-Credit-Card-secret-interest-fees-after-paying-off-balance-Internet-578764. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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Search Tips#1 Consumer Comment
It's called Accrued Interest
AUTHOR: Elance - (USA)
SUBMITTED: Wednesday, February 20, 2013
Interest accrues daily. So, for example, if you owe $100 on April 1 and send in $100 dollars, the interest keeps building until your check is received. So even though you sent in the $100, you may owe 1 or 2 dollars in interest.
If this debt goes unpaid, it accrues additional fees and interest. It is in your favor to pay off the residual interest.
#2 Consumer Comment
same thing here
AUTHOR: axamari - (United States of America)
SUBMITTED: Tuesday, February 12, 2013
