Regardless of your greatest intentions, you’re ultimately going to overlook a bank card cost. There are issues you are able to do like setting calendar reminders, aligning all your account due dates and setting automated funds. However none of those are 100% foolproof if you open a brand new account. Or possibly you’re touring and don’t have web entry to make a cost.
Or possibly you’re like me and simply neglect that you simply didn’t schedule your bi-monthly set of funds.
I’ve discovered that Chase will get proper to the purpose. In addition to immediately charging a late cost payment, they’ll ship an electronic mail letting of the forgotten cost the day after the due date.
When you obtain this, make certain that the late charges and curiosity fees are already added to your account. You possibly can attempt to contact the financial institution to see in the event that they’ll waive the late payment however the curiosity cost is normally your accountability.
In distinction, I used to be additionally late paying my JetBlue Plus card from Barclays. The subsequent day I obtained this well mannered reminder.
I instantly paid the cardboard on-line. A couple of days later an curiosity payment confirmed on my assertion however I used to be by no means charged a late payment penalty. Possibly it’s as a result of Barclays is a British financial institution, however the way in which they dealt with a late cost otherwise was shocking.
Chase’s response was very impersonal and virtually accusatory. It was like I offended the financial institution by not paying on time. Barclays’ message sounded involved, like they wished to know if there was a purpose that I missed a cost.
I do know that Barclays usually will get a foul rap from the Factors and Miles neighborhood, and generally rightfully so. However for present prospects, their method to late funds is rather more customer-friendly than different banks, like Chase.
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