educational interest

Macy's Adds Monthly $2 'Educational Interest' Charge To My
Credit Card Bill

Macy's Adds Monthly $2 'Educational Interest' Charge To My Credit Card Bill

An anonymous reader says Macy’s is charging him a pretend $2 interest on his credit card bill and calling it “educational interest.” He says the charge is optional, and you don’t have to pay it if you subtract the amount from your total balance. If you do pay the “educational interest,” Macy’s credits your account. [More]