Thomas
Anderson,#2Consumer Comment
Fri, February 22, 2008
OK- You ''can live up to going over the credit limit by a mere .43 cents, but how do you account for the low minimum payment due on 3/19?'' Standard industry practice. Standard industry practice. If you have a credit card then you must be a big boy. Big boys don't need mamma (or WaMu) to tell them what to do. ''When making the suggested minimum of $15, the balance will still remain over the credit limit and WaMu knows that.'' And, it seems, so do you..... ''This gesture by WaMu makes it seem like you do not have to get your limit under the balance (or you will not get punished any further when that is not the case at all).'' Nope; Yep. ''WaMu just wants you to go with their suggested minimum and continue charging overlimit fees. I'm just stating that as trickery and bad business practice.'' Yep; Nope! Since when is WaMu making money on your financial practices a ''bad business practice''... for WaMu?????? It is only bad for you... so pay off the credit card, already! You are trying to (re)build your credit??? Any CC balance above 50% of your CC credit limit is BAD from a credit rating viewpoint.
Slimer57
San Francisco,#3Author of original report
Thu, February 21, 2008
I can live up to going over the credit limit by a mere .43 cents, but how do you account for the low minimum payment due on 3/19? When making the suggested minimum of $15, the balance will still remain over the credit limit and WaMu knows that. This gesture by WaMu makes it seem like you do not have to get your limit under the balance (or you will not get punished any further when that is not the case at all). WaMu just wants you to go with their suggested minimum and continue charging overlimit fees. I'm just stating that as trickery and bad business practice.
Robert
Wallingford,#4Consumer Comment
Thu, February 21, 2008
You were over the limit. $43 or $.43, you are still over your limit. You failed to take into account finance fees on you remaining balance by only leaving a meager $7 below you maximum credit amount. There's no one to blame but yourself.