Ashley
springfield,#2Consumer Comment
Thu, August 02, 2012
Granny may know a lot, but she has a lot to learn about credit cards. You were under an introductory rate that expired. If you don't pay off the balance by the expiration date, you will be charged all of the accrued interest. This was explained to you when you signed up for the credit card in the first place. You SIGNED a contract agreeing to these terms.
They gave you a friendly reminder in your may statement, that you did NOT read and ignored until your june statement showed all the interest that you agreed to. They won't take the interest off, they have a contract that you signed authorizing the interest. You owe it because you did not pay off your balance by the agreed date. There is no ripoff here, if you had paid your balance in full by the agreed upon date you would have no interest charges.
You may think you can dictate terms to these banks, but you cannot. They have a written contract, signed by you, that lays out ther terms they follow. You don't get to change the terms as your see fit.