Practices of credit card companies. My credit card payment was due yesterday. I mailed the payment out eight days earlier. Because there is no float period, eight days is generally more than enough time for my check to arrive and be cashed. (For the past several billing cycles, it has taken 3-4 days between mailing and my check clearing.) As of this morning, my payment has not yet been credited to my account. I pay my entire balance in full every month, and I suspect that the credit card company is deliberately holding my check so that it can make money in late fees off of me.
post #2356 of 86969
5/8/08 at 2:16pm