Comments on: Deceptive Credit Card Offers, Part 4: Due Times http://www.consumerismcommentary.com/deceptive-credit-card-offers-part-4-due-times/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 27 May 2012 14:19:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jason http://www.consumerismcommentary.com/deceptive-credit-card-offers-part-4-due-times/comment-page-1/#comment-23431 Jason Sat, 10 Jun 2006 14:15:36 +0000 http://www.consumerismcommentary.com/2006/06/09/deceptive-credit-card-offers-part-4-due-times/#comment-23431 I have also noticed my bill moving up a day every month and then sliding back four days every four months or so. I have actually got my payments so I make one soon as it's available online to view and another later in the month. I have also noticed my bill moving up a day every month and then sliding back four days every four months or so. I have actually got my payments so I make one soon as it’s available online to view and another later in the month.

]]> By: Chris http://www.consumerismcommentary.com/deceptive-credit-card-offers-part-4-due-times/comment-page-1/#comment-21067 Chris Fri, 09 Jun 2006 21:48:55 +0000 http://www.consumerismcommentary.com/2006/06/09/deceptive-credit-card-offers-part-4-due-times/#comment-21067 Another thing... I'm quite sure BoA's choice of 23 was no accident. With small enough print (like on, say, BoA's credit card statements), 28 and 23 are easily confused if you aren't paying close enough attention or have less than 20/20 vision. Why not 24? Or 22? No, going from 28 to 23 was intentional, and designed to funnel more late fees into their coffers. "Don't be such a conspiracy theorist," you say? "Don't be so naive," I say. =) Another thing… I’m quite sure BoA’s choice of 23 was no accident. With small enough print (like on, say, BoA’s credit card statements), 28 and 23 are easily confused if you aren’t paying close enough attention or have less than 20/20 vision. Why not 24? Or 22? No, going from 28 to 23 was intentional, and designed to funnel more late fees into their coffers.

“Don’t be such a conspiracy theorist,” you say?

“Don’t be so naive,” I say. =)

]]> By: Chris http://www.consumerismcommentary.com/deceptive-credit-card-offers-part-4-due-times/comment-page-1/#comment-21064 Chris Fri, 09 Jun 2006 21:41:37 +0000 http://www.consumerismcommentary.com/2006/06/09/deceptive-credit-card-offers-part-4-due-times/#comment-21064 Something else for the snail mail folks to watch out for: shorter grace periods. I always go over my Bank of America credit card bill with a fine-toothed comb as soon as I receive it, and one month last fall the first thing I noticed as I slid the bill out of its envelope was that my due date, which for years had been on the 28th of each month, was now the 23rd, where it has stayed ever since. So if you get paid on the 15th and the 31st of every month like I do, dropping that check in the mail as soon as your direct deposit paycheck hits on the 15th is an increasingly good idea. (And no, I'm not interested in BoA's online banking.) Something else for the snail mail folks to watch out for: shorter grace periods. I always go over my Bank of America credit card bill with a fine-toothed comb as soon as I receive it, and one month last fall the first thing I noticed as I slid the bill out of its envelope was that my due date, which for years had been on the 28th of each month, was now the 23rd, where it has stayed ever since.

So if you get paid on the 15th and the 31st of every month like I do, dropping that check in the mail as soon as your direct deposit paycheck hits on the 15th is an increasingly good idea.

(And no, I’m not interested in BoA’s online banking.)

]]>