Credit Card Issue

I do not understand this card at all, as I have NEVER had a card that
varies so much to the point you would have two payments in a month
due, ever.

However, based on your responses, you seem to indicate that this is
the case. If that's true, I would cancel the card immediately. There
are 1000's of very good cards out there that are much more fair and
much more simple.

that you agreed to abide by when you signed up for your credit card?
Part of your right to choose which credit card you use, means you must
take responsibility for it, which includes abiding by the terms of
your agreement.

If you are unclear of what their policies are, ask them before you
sign your life away.

Otherwise we throw personal responsibility out the window.

The whole thing is that the money has to be posted as paid on the
account before the end of the date on the date it is due. If you fail
to do this then there will be penalties/late charges to pay.

However, I do agree that there should not be a $15 charge just because
the rep is posting it manually.
If you called 10 days prior to it being due would they still charge
you this $15?

It's your responsibility to know how much time it takes for payments
to post online. My card is through Bank of America and my due date
varies (based on the days of the month). If I forget to go online by
a certain time to pay my bill, I know that I have to call them and pay
a fee....or I can go to another website and get the bill paid on time
without a fee. But this was all my responsibility to find out ahead
of time.

And yes, even if send a check by mail and it postmarked ahead of
time....it does have to be received by the bank on time. You may feel
this policy is illegal but it is not.

as much as i cant stand obama, maybe things will improve when the
credit card holders bill of rights goes into effect. it is ridiculous
to penalize you for paying on time, if they wanted payment sooner they
should have made the DUE DATE reflect that. once the CCBOR goes into
effect, CC co's will be required to give you 25 days to pay.

Schedule and pay your bills on time, and there are no fees. No drama,
no arguments, and best of all no fees.

My credit card company allows me to go in 2 days or more before the
payment is due to schedule a payment. But I schedule it weeks before
that, to be paid ON the due date. Works like a charm every time.

Most all banks and many utilities offer the last minute bill pay for a
fee - $10 or $15. I believe the rationale is you are taking a
representative's time, and that person has to be paid. It makes sense
anyway.

The representative's advice for sending a check is stock. The point
is, plan to get the check there a few days before the due date to
avoid a mail delay issue. Forget about jimmying the check's date and
all going to court and all this other stuff. Just pay it ahead of
time.

Lastly, my bank has all their online payment policies clearly stated.
Seems HSBC should also.

I understand your concerns. I paid my credit card bill the day before
the due date but because it takes them 72 hours to process a payment.
even though the payment was there prior to the due date. Since this is
a gov credit card they don't charge a late fee but they contact the
dept you work for saying your payment is late. I agree this is bull.
Just because they are slow and not effective.

Pay on time and avoid problems, it really is not that hard to do. Keep
accurate records of all CC transactions, that way you know how much
will be due on the due date. When you get paid, set that amount aside,
or plan ahead based on your past trends.

If you cannot handle it, use cash.
"If you play with the snakes you will get bit"
Cutting it so close will result in you pushing the limit and likely
getting hit with a fee.

It stands to reason that it takes a few days to get the payment to
them.

Look at it this way, even if you get Direct Deposit from your employer
to your bank, they still start processing anywhere from 3 to 7
business days before that.

Would YOU accept the "Well I postmarked it by your pay date!" excuse?

Avoid the frustrations, and cancel your card, and start using cash.

If you play with the snakes, you will eventually get bit.

When you play with them, they own you, and you play by their rules.


Good Day

The payment must be in their hands, not just post marked, before a
certain time on the due date. The policy is not illegal and is
spelled out in your terms and conditions. If you want to avoid fees,
don't cut it so close.