Chase credit card finance charge??

Forest Duttinger: This Site Might Help You.RE:Chase credit card finance charge??I was looking at this month's statement and I noticed that Chase charged me a"Fee PURCHASE *FINANCE CHARGE*(Other)" of $3.19I usually pay in full every month but last month, I paid half but well over the minimum payment due.Can you still incur a finance charge even if you......Show more

Alisa Kaleiwahea: People who borrow money get charged interest. You didn't pay in full, so you borrowed.

Reginald Maxi: Yes. If you still have a balance, which most likely you did from paying just over the minimum, a finance charge will be incurred based on that leftover balance.

Oren Eskelsen: Yes, this happens when you "rollover" a balance. To avoid finance charges, you MUST pay your total balance in full with in your grace period to avoid them. Minimum payments doesnt stop finance charges.

Ginny Trickett: If you carry any balance, you will incur finance charges. They are not calcul! ated just on the amount you did not pay. Finance charges are usually calculated based on the average daily balance -- they add each day's balance then divide by the number of days.The only way to avoid finance charges is to pay in full each month.

Toby Caswell: Read the Terms and Conditions which came with your card.

Marvel Mcaulay: Matt is correct. If there is a balance left on the card after the due date, interest will be charged on that balance. In order to avoid charges in the future you will need to pay off the balance in full before the due date.

Luis Mellon: You first need to check the terms of the e-mail notification. I would guess that the terms include a statement that non-receipt of a notification/alert does not alleviate you are the requirement that you make your payment on time nor does it imply any warranty on the part of Chase to ensure that you receive the alert. Your best bet is to just open another card and transfer your balance - the pr! oblem may be that with the late payment, other card issuers wi! ll also charge a high interest rate....Show more

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