Comments on: How to Wipe Out Credit Card Late Fees & Bank Overdrafts http://20somethingfinance.com/how-to-wipe-out-credit-card-late-fees-bank-overdrafts/ Personal Finance Blog for Young Professionals Wed, 23 May 2012 01:29:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: jerry http://20somethingfinance.com/how-to-wipe-out-credit-card-late-fees-bank-overdrafts/comment-page-1/#comment-28218 jerry Sun, 04 Dec 2011 01:05:22 +0000 http://20somethingfinance.com/?p=225#comment-28218 I paid my Chase visa online on 8th and was charged $15 -total due on my visa was $51 -they confirmed I have always except once paid my visa bill on time. Sometimes computer system is so slow I cant pay online. I paid my Chase visa online on 8th and was charged $15 -total due on my visa was $51 -they confirmed I have always except once paid my visa bill on time. Sometimes computer system is so slow I cant pay online.

]]> By: Asher http://20somethingfinance.com/how-to-wipe-out-credit-card-late-fees-bank-overdrafts/comment-page-1/#comment-28204 Asher Sat, 03 Dec 2011 14:41:17 +0000 http://20somethingfinance.com/?p=225#comment-28204 It's a shame you paid it because legally speaking if you went to a court of law and disputed the charge you wouldn't have to pay it. It's unreasonable to charge 25 dollars because you were late by a few hours one time. It’s a shame you paid it because legally speaking if you went to a court of law and disputed the charge you wouldn’t have to pay it. It’s unreasonable to charge 25 dollars because you were late by a few hours one time.

]]> By: Asher http://20somethingfinance.com/how-to-wipe-out-credit-card-late-fees-bank-overdrafts/comment-page-1/#comment-28203 Asher Sat, 03 Dec 2011 14:38:33 +0000 http://20somethingfinance.com/?p=225#comment-28203 There a whole other reason why credit card companies will waive the late fee. And that is because it can be considered an unjust charge depending how much you owe. If you're late one time by a couple days legally speaking they can't charge you 35 dollars for this. It's an unreasonable charge. So if someone calls the credit card company about the fee they will waive it. They don't want to find themselves in a legal battle they will lose. The only reason they get away with it is because most people don't know better and will just automatically pay the fee. There a whole other reason why credit card companies will waive the late fee. And that is because it can be considered an unjust charge depending how much you owe. If you’re late one time by a couple days legally speaking they can’t charge you 35 dollars for this. It’s an unreasonable charge. So if someone calls the credit card company about the fee they will waive it. They don’t want to find themselves in a legal battle they will lose. The only reason they get away with it is because most people don’t know better and will just automatically pay the fee.

]]> By: Credit Card Rep http://20somethingfinance.com/how-to-wipe-out-credit-card-late-fees-bank-overdrafts/comment-page-1/#comment-27878 Credit Card Rep Tue, 22 Nov 2011 07:02:50 +0000 http://20somethingfinance.com/?p=225#comment-27878 What a lot of you have to understand is that frequently, you think you're The Greatest Customer Ever, but really, REALLY ... you just aren't. Let me try to explain. As the handle I used suggests, I work for a credit card company. I get to listen -- all day, every day -- to people going on and on about how they weren't REALLY late, even though they clearly were, who are "good customers" and we should totally waive their fees, and oh boy ... if you get one who's TOO nice at the beginning, watch out. You just know it's because they want something. It's frustrating because many times, before the customer even asks, I already know I'm going to have to say "no," and I know the question is coming, and I know what's going to come after I give the bad news. Try to imagine what it's like dealing with a child: you say "no," and the child keeps asking again and again, and no matter how much you say "no," it just doesn't take. "PLEEEEEASE!" "Why not??" Now imagine you have to treat that child like an adult and even be extremely polite besides. Oh, and you can't end the conversation. You have to remain patient and calm while being berated endlessly about something you can't change that was caused by the irresponsibility of the person berating you. And this will happen dozens of times per day, every day. Here's the thing: before you ever pick up that phone to call, the decision has usually basically already been made. Believe me, the bank KNOWS how good of a customer you REALLY are, and I don't just mean how frequently you're late; more significantly, it's about how profitable your business is to the bank. In your mind, you may think you're just the greatest thing since sliced bread, but in reality, the bank may actually be LOSING money on you. If you want to ask for fee waivers, fine. Ask. I personally won't do it, because I believe in personal responsibility. That's just me. But understand that if you ask and get a "no," it's probably NOT because the long-suffering person on the other line is a big meanie who's out to get you. It's probably because he/she is looking at a screen that flatly says you aren't entitled to a fee waiver, and that's that. Why? Because you're not making the bank enough money to be worth it. What a lot of you have to understand is that frequently, you think you’re The Greatest Customer Ever, but really, REALLY … you just aren’t. Let me try to explain.

As the handle I used suggests, I work for a credit card company. I get to listen — all day, every day — to people going on and on about how they weren’t REALLY late, even though they clearly were, who are “good customers” and we should totally waive their fees, and oh boy … if you get one who’s TOO nice at the beginning, watch out. You just know it’s because they want something.

It’s frustrating because many times, before the customer even asks, I already know I’m going to have to say “no,” and I know the question is coming, and I know what’s going to come after I give the bad news. Try to imagine what it’s like dealing with a child: you say “no,” and the child keeps asking again and again, and no matter how much you say “no,” it just doesn’t take. “PLEEEEEASE!” “Why not??” Now imagine you have to treat that child like an adult and even be extremely polite besides. Oh, and you can’t end the conversation. You have to remain patient and calm while being berated endlessly about something you can’t change that was caused by the irresponsibility of the person berating you. And this will happen dozens of times per day, every day.

Here’s the thing: before you ever pick up that phone to call, the decision has usually basically already been made. Believe me, the bank KNOWS how good of a customer you REALLY are, and I don’t just mean how frequently you’re late; more significantly, it’s about how profitable your business is to the bank. In your mind, you may think you’re just the greatest thing since sliced bread, but in reality, the bank may actually be LOSING money on you.

If you want to ask for fee waivers, fine. Ask. I personally won’t do it, because I believe in personal responsibility. That’s just me.

But understand that if you ask and get a “no,” it’s probably NOT because the long-suffering person on the other line is a big meanie who’s out to get you. It’s probably because he/she is looking at a screen that flatly says you aren’t entitled to a fee waiver, and that’s that. Why? Because you’re not making the bank enough money to be worth it.

]]> By: ccw http://20somethingfinance.com/how-to-wipe-out-credit-card-late-fees-bank-overdrafts/comment-page-1/#comment-19869 ccw Mon, 28 Mar 2011 07:20:05 +0000 http://20somethingfinance.com/?p=225#comment-19869 I just need this article on How to Wipe Out Credit Card Late Fees & Bank Overdrafts. For the life of me I can't get it to download. I greatly appreciate it if you could send me any information on late fees and overdraft fee on banking accounts. My husband went over the top spending wise since he deployed to Afghanistan. I thank you for your time, and really do wish you could provide mw with all services dedicated to this problem of overdrawn - by quite a bit- and How I can send a letter explaining why this happened to me. I am a loyal customer. Just financial problems since he got back for his r&r. Sincerely Catherine McDonald I just need this article on How to Wipe Out Credit Card Late Fees & Bank Overdrafts. For the life of me I can’t get it to download.

I greatly appreciate it if you could send me any information on late fees and overdraft fee on banking accounts. My husband went over the top spending wise since he deployed to Afghanistan.

I thank you for your time, and really do wish you could provide mw with all services dedicated to this problem of overdrawn – by quite a bit- and How I can send a letter explaining why this happened to me. I am a loyal customer. Just financial problems since he got back for his r&r.

Sincerely Catherine McDonald

]]> By: CS http://20somethingfinance.com/how-to-wipe-out-credit-card-late-fees-bank-overdrafts/comment-page-1/#comment-7384 CS Fri, 05 Feb 2010 17:23:14 +0000 http://20somethingfinance.com/?p=225#comment-7384 I will never do business with Lord and Taylor ever again... I can't believe that they will charge 29.99 for a late fee when it was only late a matter of hours. It was an oversight on my part, however, the supervisor refused to waive the fee. I will now pay off the remaining balance and cancel their card. They will never get my business ever again, and will let everyone know that this is not a consumer friendly company. It is highway robbery to charge 29.99 when your balance is $110. They entice you to use their card then when you use it, they charge mobster fees because you are late a couple of hours. I will never do business with Lord and Taylor ever again… I can’t believe that they will charge 29.99 for a late fee when it was only late a matter of hours. It was an oversight on my part, however, the supervisor refused to waive the fee. I will now pay off the remaining balance and cancel their card. They will never get my business ever again, and will let everyone know that this is not a consumer friendly company. It is highway robbery to charge 29.99 when your balance is $110. They entice you to use their card then when you use it, they charge mobster fees because you are late a couple of hours.

]]> By: susan http://20somethingfinance.com/how-to-wipe-out-credit-card-late-fees-bank-overdrafts/comment-page-1/#comment-6694 susan Fri, 15 Jan 2010 01:04:31 +0000 http://20somethingfinance.com/?p=225#comment-6694 i finally got chase chase to take off the fee after first trying to call with no luck. then i emailed them through their message center under 'late fee reversal' and wrote them a letter why they should take it off since i was such a good customer. surprisingly, they took it off! i guess you have to try everything before they give in. i finally got chase chase to take off the fee after first trying to call with no luck. then i emailed them through their message center under ‘late fee reversal’ and wrote them a letter why they should take it off since i was such a good customer. surprisingly, they took it off! i guess you have to try everything before they give in.

]]> By: Brett http://20somethingfinance.com/how-to-wipe-out-credit-card-late-fees-bank-overdrafts/comment-page-1/#comment-6356 Brett Wed, 06 Jan 2010 05:15:38 +0000 http://20somethingfinance.com/?p=225#comment-6356 I use my Chase Amazon card only for the holidays, paid the November due amount on 11/5 and the December on 11/25. I actually paid $100, well over the minimum due, but received a $39 late fee on my next statement. In retrospect, I think it's because the $100 was received 3 days before the statement period 11/28-12/21. But clearly it was intended, and sufficient, to make the December payment. I use my Chase Amazon card only for the holidays, paid the November due amount on 11/5 and the December on 11/25. I actually paid $100, well over the minimum due, but received a $39 late fee on my next statement. In retrospect, I think it’s because the $100 was received 3 days before the statement period 11/28-12/21. But clearly it was intended, and sufficient, to make the December payment.

]]> By: John Brooks http://20somethingfinance.com/how-to-wipe-out-credit-card-late-fees-bank-overdrafts/comment-page-1/#comment-6133 John Brooks Thu, 31 Dec 2009 21:11:33 +0000 http://20somethingfinance.com/?p=225#comment-6133 Chase Visa. BAD NEWS. I always pay in full and on time. Had one payment miss the due date in October by a couple of days. I called to request they waive the $39 late fee in light of my excellent record and our long term relationship. (And I was very friendly with them.) No way in the world would they waive that fee. Sheer stupidity to lose a customer like me over this. Not only does it cost much more to acquire a new customer, but the bad p.r. they will incur will encourage many others to avoid them. Chase Visa. BAD NEWS. I always pay in full and on time. Had one payment miss the due date in October by a couple of days. I called to request they waive the $39 late fee in light of my excellent record and our long term relationship. (And I was very friendly with them.) No way in the world would they waive that fee. Sheer stupidity to lose a customer like me over this. Not only does it cost much more to acquire a new customer, but the bad p.r. they will incur will encourage many others to avoid them.

]]> By: susan http://20somethingfinance.com/how-to-wipe-out-credit-card-late-fees-bank-overdrafts/comment-page-1/#comment-6008 susan Wed, 23 Dec 2009 16:32:43 +0000 http://20somethingfinance.com/?p=225#comment-6008 i just paid my chase cc bill one day late for the first time, and they won't take off the $39 late fee. I have been late with other cards and they gladly took off the fee. i think it's time to change banks. this is just stupid on their part and no way to treat a good customer! i just paid my chase cc bill one day late for the first time, and they won’t take off the $39 late fee. I have been late with other cards and they gladly took off the fee. i think it’s time to change banks. this is just stupid on their part and no way to treat a good customer!

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