R
Springfield,#2Consumer Comment
Sat, April 28, 2007
In your cardmember agreement, it states that your APR can change if you have a late payment. And it states that your payment has to be there BY THE DUE DATE. No matter what the reason is for the late payment. It is our, (the consumer's) responsibility to make our payments in a timely manner. It's our responsibility to make payments on time. You also have to look at your statements very closely, especially under the IMPORTANT NEWS section. And also look at your DUE DATE each month on your statement. It CAN change, as it did in your case. As for the payments being applied to the lowest interest rate first, that is also notated on your statement, on the back. Read every bit of information, everything is in there. Now you are probably saying, "who reads the fine print"? YOU, WE as consumers need to. We sign the back of our cards, and/or sign our receipts when we buy something. That is telling Chase, or whatever credit card you have, that you are abiding by ALL their RULES.