Comments on: Read your credit card statement carefully!

By: A Lee

A Lee — Sat, 24 Jan 2009 03:36:05 +0000

You are right. It actually seems unethical and amazing that they can get away with that changing the date at a whim’s notice.

And it seems unethical that they inconveniently change the billing cycle exactly at the very month that people really care about it being a day earlier rather than later: December, when most of us do all our christmas shopping.

By: copyeditorsdesk

copyeditorsdesk — Thu, 22 Jan 2009 12:28:07 +0000

Sure. I pay mine off, too, and I get a kickback from my card, too. But that’s not the point.

The point is, AMEX changed its terms without notice (by silently changing the closing date of the billing cycle). Had I not been sick on the day I would normally have replenished my pantry with a run on Costco, I would have owed more on last month’s bill than I could pay with the amount I budgeted. I probably would have had to run a tab, and that would mean I would have had to pay interest at a usurious rate. And that’s a perspective I don’t like at all.

By: A Lee

A Lee — Thu, 22 Jan 2009 05:30:57 +0000

Well, it’s funny you should say that credit card companies are not your friend.

My husband said the same last week, but I highlighted that actually they are my friend, and your friend too, as they offer you a FULL MONTH OF FREE CASH each week.

Plus their card offer us loads of points for free flights. I have been to my heavenly Sta Barbara in CA several times, thanks to my lovely credit card friends, paid off each month, in time, in full.

Like that perspective?!