Watch Out For Payment Date Errors—And Related Finance Charges—From Chase

Watch Out For Payment Date Errors—And Related Finance Charges—From Chase

Mike used an Office Depot Visa card issued through Chase to take advantage of a pay-no-interest deal through 2008. He paid off the remaining balance a couple of days before the offer period ended, but Chase still slapped him with a nearly $40 interest charge. Why? Because they’ve been “having problems like that” with Office Depot cards.

http://consumerist.com/2008/06/25/in-an-effort-to-spur/

In an effort to spur sales, General Motors is offering no-interest, six-year loans on new vehicle purchases through June 30th. Unfortunately, only the slow-selling models (i.e., not very fuel efficient) are included in the sale. Oh, also they’re raising prices on 2009 models. [New York Times]

Citibank Will Apply Your "No Interest Financing" Payments Anyway It Wants

Citibank Will Apply Your "No Interest Financing" Payments Anyway It Wants

Reader D has a Worst Company In America-themed success story. D writes:

The information on your website helped me get an error corrected with how Sears/Citibank credited my Sears credit card payments. Since you have Sears and Citibank going against each other today in your “worst company” tournament, I thought you might like to hear my story.