Disney Visa Warning!!!

[ricapito]

Thanks, I'm a guy actually. My understanding is that venting and opinion proffering, within reason, are a large part of this board. While dissent and differing opinion are always welcome and expected, I don't think the tone of that reply is what this board is about. Again, just my opinion...

 

[rocketriter]

I can't blame you for being annoyed, not only with the Visa company but also with the unsympathetic poster. Putting up with opinions that aren't always nice is just the flip side of free speech.

 

[WithDisneySpirit]

I hope that "its all set now" means that Bank One removed the finance charges they levied against you!!!! If so, I am very glad

Lisa

 

[Dean]

I'd concur with the majority of the posts, I'm assuming your post means all is well now.

 

[msdis]

wanted to offer some help but it looks like everything is all set. Hope it went well.

 

[robinb]

Originally posted by ricapito
Thanks for the advice. It's all set now.

Since you took the time to cross-post the original message to 3 boards (DVC Community, Community and Rewards) it would be polite to update the other threads too .

 

[ricapito]

All set= They removed the charge indeed...

Thanks

 

[nickglover]

"Obviously you're a good customer and pay your balance every month."


Actually, they don't want us to pay each month - they want us to carry over as much as possible!

I have a plan - why don't we all start writing checks for 5 cents too much and see what happens! (might overheat their computer!)

 

[Caskbill]

Just in the way of passing on more information, you can pay more than the statement balance if you want.

We pay our CC's on-line. (including our Disney Visa card). When logged on you will see several numbers, including 1) your last statement balance that is due (or minimum payment at least), and 2) your current balance. Current balance includes your last statement balance plus any new charges you've made since then.

You have total flexibility to pay any amount from the minimum amount to the full current balance.

We generally pay something in between the last statement balance and the current balance, trying to make it an even $100 figure.

Example: Last statement balance might be $672.45 and current balance might be $941.20. Statement balance will be about 30 days worth of charges, while current balance might be the last 45 days of charges or so.

So we'll pay either $700, $800, or $900 for that month. That way there no chance of ever paying less than the full statement balance (like the OP accidently did), and you've got a head start on the next month's charges.

It also allows us to control outgoing payments a little better. Maybe we know we'll have a one time expense coming up next month (insurance for example) so we'll pay the $900 figure this month, leaving a smaller amount due on the CC next month and allocating more money for the upcoming (insurance) payment.

This is what we do and thought I'd just pass it along.

 

[Sammie]

Originally posted by ricapito
I just got off the phone with customer service over a $40 finance charge. Here's what happened as I understand it: When attempting to pay my September balance in full, as I do every month, I was short on the payment by about 10 cents as I musn't have read it right. Because I carried that 10 cents into October, EVERY charge I made in October was subject to a daily balance finance charge throughout the month. Yep, so even though I paid the October balance in full by the due date I had to pay interest on the WHOLE thing over that 10 cents. Credit card companies are scum, as we all know, but this is thievery.

Bryan

You make an honest mistake, however it is was your mistake. They were totally in thier right to charge the finance charge. You contact them and they remove the charge, even though the mistake was yours.

Does not seem like scum to me.

 

[jmminarik]

Does not seem like scum to me. [/B]

There are a lot of unethical things credit card companies do, like marking anything that comes in after 10:00 am as 'Late' even if the payment made it there on the due date, charging $29 late fees and then charging over the limit fees if the late fee pushes the balance over the card limit after having limited the grace period to less than a calendar month and mailing the statements so that you really only have a week or so to respond which just screws you if you happen to go on vacation for 2 weeks.

They will then graciously remove the extra charges (usually) if you call up because they know inertia and laziness by most people will keep most people from calling in to complain...most just suck it up and pay the money.

There is good reason to not like credit card providers..unless you own stock in those companies.

-Joe

 

[ricapito]

"Does not seem like scum to me. [/B]"

Just an opinion of mine, but based on credit card companies I've dealt with tendency to find a way to:

1: send tons of mail that is too lengthy to read in detail, especially the kind changing the terms for fees, rates, grace periods, whatever they can - after you have taken the card out and use it regularly.
2.sell your names and private info to anyone who will pay for them
3. Bury the rates they are charging in size 4 font somewhere impossible to find on your statements...
4. bury the highest rate older balances below the lower rate newer balanes so the only way to pay them off is to pay off whole balance. Shouldn't payments go to the oldest debt?
5. send you checks for balance transfers at low rates while hidng the fact a 1-2% use fee applies for the transfer.
6. charge rates to people with A++ credit that are near usery when teaser rates end.
7. then knock the rate way down when you call and have caught them charging absurd rates...

I could go on, but won't. I wish I never had to use them or lean on them from time to time. But 4 kids, a Disney addiction, and MBA and Law degree debt dictate it may take me a while to swear them off forever. Until then the cat and mouse game continues...