Comments on: The Credit Cardholders Bill of Rights http://masteryourcard.com/blog/2008/04/19/the-credit-cardholders-bill-of-rights/ The best Credit Card Debt Blog online Thu, 02 Feb 2012 13:31:13 +1100 http://wordpress.org/?v=abc hourly 1 By: Kristy http://masteryourcard.com/blog/2008/04/19/the-credit-cardholders-bill-of-rights/comment-page-1/#comment-1184 Kristy Sun, 20 Apr 2008 02:29:30 +0000 http://masteryourcard.com/blog/2008/04/19/the-credit-cardholders-bill-of-rights/#comment-1184 Hey guys! Thanks for the questions. With regard to my situation, the credit card company raised the interest rate before the end of the billing period so there's about a four day difference in interest from the time the rate increased until the time I paid it off. I'd never heard of a credit card company changing the rate in the middle of a billing period, which was another reason I closed it out. I'm not worried now because I paid it in full, although I was pretty steamed that they tried that to begin with. However, for those that don't pay their cards in full, this type of practice can cost them a ton of money! Hey guys! Thanks for the questions.

With regard to my situation, the credit card company raised the interest rate before the end of the billing period so there’s about a four day difference in interest from the time the rate increased until the time I paid it off. I’d never heard of a credit card company changing the rate in the middle of a billing period, which was another reason I closed it out. I’m not worried now because I paid it in full, although I was pretty steamed that they tried that to begin with. However, for those that don’t pay their cards in full, this type of practice can cost them a ton of money!

]]> By: desklamp http://masteryourcard.com/blog/2008/04/19/the-credit-cardholders-bill-of-rights/comment-page-1/#comment-1181 desklamp Sat, 19 Apr 2008 18:05:51 +0000 http://masteryourcard.com/blog/2008/04/19/the-credit-cardholders-bill-of-rights/#comment-1181 If you are paying off your credit card in full each month, why are you concerned about the balance accruing interest at a higher rate? Aren't you paying it off prior to the interest being charged (ie. after the due date?) If you are paying off your credit card in full each month, why are you concerned about the balance accruing interest at a higher rate? Aren’t you paying it off prior to the interest being charged (ie. after the due date?)

]]> By: Will http://masteryourcard.com/blog/2008/04/19/the-credit-cardholders-bill-of-rights/comment-page-1/#comment-1179 Will Sat, 19 Apr 2008 16:24:11 +0000 http://masteryourcard.com/blog/2008/04/19/the-credit-cardholders-bill-of-rights/#comment-1179 If you pay your balance in full every month, how will the remaining balance accrue interest at the higher rate? I declare shenanigans. If you pay your balance in full every month, how will the remaining balance accrue interest at the higher rate? I declare shenanigans.

]]>