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Originally Posted by justplugit
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Even when you pay your card in full each month, which can be a good thing as some cards offer 5% on gas, groceries and drugstores, watch the due date as they will change it from time to time and unless you see it and pay it on time they love hitting you with the late fee.
Most important thing anyone who has credit debt is pay it down ASAP, the interest rates are outrageous. Then back to economics 101, don't buy anything unless you can pay for it in cash.
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They have a sneaky habit of ALWAYS making the due date on weekends. If you read their "fine print" regarding payment processing, you see that if your payment is received after a certain time of a Friday, they won't process it until Monday.
Note - that time is ususally in the early afternoon!
Also note that paying the balance down will decrease your monthly payment, but the ONLY way to have your rate decreased would be to threaten to close your account.
They will bump up your rate, even if it's their fault, but aren't as quick to drop the rate unless YOU take action.
Credit card companies, as a whole, SUCK!
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