do NOT prepay your credit card

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Posted by Kalmia on July 25, 2009, 7:49 am
 
I learned the hard way.  I knew the amount due was going to be a lulu
this month, so I paid (online) in advance of the billing date AND lost
out on my 1% and 3% rebates.

Live and learn.


Posted by RickMerrill on July 25, 2009, 9:33 am
 
Kalmia wrote:

So when you pay BEFORE the bill goes out it looks like a "credit" and
reduces the amount on which your "rebate" is calculated.


Posted by Kalmia on July 25, 2009, 3:36 pm
 wrote:


Yeah...no kidding.  Now I know.

  I made payments during the billing cycle cuz I cudn't stand to see
that balance growing by leaps and bounds when I called or looked at my
acct online.  I won't do THAT again.

Posted by Kalmia on August 11, 2009, 5:02 pm
 
I called.  Explained it six ways to Sunday, but the rep kept saying
the rebate was figured on the amount spent.  I pointed out the
prepayments, but she just didn't 'get it'.
 Said she'd refer it to see if anything was 'done wrong'.

I don't think I'll get a dime.

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