double billing
We think AT&T just stole about $157 from commenter Spoco. They applied the payment as always via his Amex card, but then said that it was declined and auto-debited it a second time a month later (+ late fees, of course). The only problem is, it wasn't declined, and Spoco has proof. He just can't get anyone at AT&T to care.
More »
charge it
Americans are choosing plastic over paper when it comes to paying off the nearly $300 billion they rack up annually in medical charges — the leading cause of bankruptcy — every year, CNNMoney.com
reported earlier this month.
More »
surprises
Hector didn't know whether or not he was going to accept
Bank of America's offer of a new
credit card with a $3,500 limit, so the bank made his decision easy by issuing the card without his permission. When Hector discovered the surprise credit line, he called
Bank of America with two requests: explain how they could open a new account without his consent, and keep the account open until he could figure out the new line's impact on his
credit score. Of course, without a peep, Bank of America immediately canceled the new credit card, leaving Hector wondering what might happen to his credit score...
More »
best buy
Owners of
Best Buy credit cards (via
HSBC) are being charged $15 to pay their bill on time online. The only way to avoid the fee? Pay at least two business days early.
More »
science says
Sallie Mae's 2009 study of
credit card use shows that students just love binging on plastic. Kids these days have more than four cards on average, and most of them carry a balance pushing $3,000. Many don't tell their parents, and almost a fifth graduate with more than $7,000 of debt. This is how meltdowns start...
More »
american express
Andrea, an
American Express member for over 20 years, is upset because AmEx canceled her cash-back card two weeks before her $500 rebate check was supposed to arrive, and declared the rebate forfeit.
More »
complaints
Patricia closed her company's
American Express Delta Sky Miles card six months ago, but the expired card unexpectedly sprang to life thanks to a supplier's accidental charge. American Express laughed off the matter, saying "this happens all of the time," adding that it's Patricia's responsibility to ensure that all vendors destroy her outdated billing information.
More »
readers
Reader Craig ordered some gym equipment from
Amazon, but he accidentally used his debit card instead of his credit card. Realizing his mistake, he immediately tried to correct the problem. He went through the change payment process right away and figured all was well. Of course it wasn't, and he ended up getting charged $2,288.44 for $750 worth of equipment when Amazon got the refund process backwards. Twice. See how it happened after the jump.
More »
personal finance
Consumer Reports staffer Greg Daugherty has gone 30 years without a credit card. Why? He doesn't need one.
More »
billing errors
It's bad enough when a glitch on a retailer's side screws up your method of payment, but Barnes & Noble took so long to investigate and respond to one customer's emails that by the time they acknowledged they'd made a mistake, they said it was too late to do anything about it. Now the customer is left with an unused $25 gift card and a $50 charge on his credit card, twice what he'd approved at check-out.
More »
fraud
The Daytona Beach Police Department say that a woman was tasered last Monday inside of a
Best Buy store after attempting to use someone else's credit card to make a purchase.
More »
debt
T'is a pity for the flower of youth to be wrinkled by the radioactive belch of credit card debt. Yesterday, we asked the readers about how college boy L.S. should get out of his $2150 in credit card debt set at exorbitant rates and here's what we think he should do.
More »
hacks
Here
s a nifty way to take master your credit card debt. Punch into John Madea's free analyzer the
APR, minimum monthly payment percentage, the principal and monthly payment.
More »
shopping
Reader Rik P. wants to know about your favorite rewards programs:
I think it would be useful to poll folks on how they feel about the various credit card reward programs out there. My girlfriend has been using one of those frequent flyer mile credit cards and has yet to earn anything close to a free trip, despite three years of charging.
More »
shophacks
This scheme is a bit duplicitous, of course, but we feel no compunction passing on ways to game the same system that so often screws us over. Use these tricks at your own risk.
More »