Ok, normally I am not one to be like "Oh the credit card companies are evil" and yadda yadda. I believe if someone chooses to borrow from a credit card company that is their choice and their decision and every person needs to learn to use this "service" responsibly and not blame their credit card if they have to pay interest or fees cause they didn't follow the guideline. Ok, off my soapbox.... the point of this post was, I feel like our Best Buy CC is trying to trick us into fees! We have a Best Buy CC that we got our laptop on for 0% interest for 18 months. The agreement is to pay at least the minimum payment every month, and pay the entire balance before 12/11 and there will be no interest and no fees. We have done several 0% deals before and have never had any trouble with them as we always follow the agreement and make sure we pay the balance at least a month before the 0% runs out. The minimum payment on the BB card was $10 a month. I was paying $20 a month every month, and even set up a auto pay online to pay $20 everymonth, that way when it was due we only had $200 left to pay and that money is already sitting in savings. So for 8 months now we have been paying $20 a month on auto pay....la la la....everything is fine. They I get this months statement and the min payment has gone from $10 to $25? HUH?! I have never seen a min payment go up as the balance went down......usually if your balance is going down then your minimum payment would go down, or at least stay the same. So I am so lucky I noticed that, cause I could have easily opened it and thought "oh BB is on autopay, so don't need to worry about this bill" and then I would have gotten slammed with a fee plus all of the deferred interest would have hit the card. UGH So really don't get what that was about. Lesson to all, make sure you check your statements even if you know what they are SUPPOSED to say!
Best Buy - Not gonna get me!
February 13th, 2011 at 07:19 pm