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Report: #417079

Complaint Review: American Express - Los Angeles California

  • Submitted:
  • Updated:
  • Reported By: Fresno California
  • Author Confirmed What's this?
  • Why?
  • American Express BOX 0001 Los Angeles, California U.S.A.

American Express paying double interest Los Angeles California

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hey american express customers... is this happening to you? I open a american express account about a year and a half ago.. I made a balance transfer at a great 3.99 interest rate, always making my payments on time and always more than the minimun payment, but I made a mistake , I made a few purchases, nothing crazy, about 1300, at a interest rate of 8.99, after they raise my rate to 11.24 I started to pay attention to my statements and the payments I make go towards the balance tranfers at 3.99 interest rate and nothing goes to my purchases...

here is the ripoff I get charge interest on my purchases at 11.24 and interest on my balance transfer a 3.99, my payment takes care of the finance charges on the two balances but the finance charges on my purchases get add up to my purchases balances every month, so even if I make my payments on time and more than the minimun my purchases balance goes up every month and I wont chip away on this balance until I finist paying the balance transfer... is this fair?...is this legal?

Salvador
Fresno, California
U.S.A.

This report was posted on Ripoff Report on 01/27/2009 10:41 PM and is a permanent record located here: https://www.ripoffreport.com/reports/american-express/los-angeles-california-90096/american-express-paying-double-interest-los-angeles-california-417079. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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