You remeber that cc that I paid off before the end of my billing cycle...well they hit me with $25.00 interest. Is this legal? I paid the card off before the next billing cyle...I am red hot right now 
are there any recourse, I did close this account because the interest was way too high. Now instead of my lovely blance of $758.68 it's now $781.68...crooks
CC interest strikes again
November 7th, 2006 at 12:39 am
November 7th, 2006 at 12:51 am 1162860690
It won't hurt to call and ask them to waive the interest since you paid off the balance.
November 7th, 2006 at 12:55 am 1162860933
Let's say you carry a balance $100 on your card. At the beginning of a billing cycle you charged another $100 (balance $200 now). You then pay $200 before the end of the billing cycle. You'd still be responsible for finance charges and interest on the initial $100 balance for however many days in the billing cycle you maintained that balance.
Your best bet is to call the credit card company next time, beforehand, and get a payoff amount, or else pay extra and wait for them to send you a check back.
You may be able to call in and get the charges reversed if you find a nice customer service rep. I'd give it a shot.
Best of luck.
November 7th, 2006 at 01:36 am 1162863416