I have a credit card that I have used several times this year. I hadn’t always paid the debt of in full, but I have paid equal to or more the minimum as required on time. I eventually paid my balance of in full in May 2009 leaving myself with a zero balance on my credit card. In June, I was surprised to find that my credit card statement billed me $75 for an annual fee; I paid this in full on time, leaving me with a zero balance. I haven’t used the card since May, and I have just received a new statement for $75 for another annual fee!
When I browsed my statement history it clearly shows there hasn’t been any activity on my card since May, and there aren’t any missed or late payments.
Is this illegal an illegal business practice? I’ll be contacting my bank tomorrow, but I just wondered what you think!?
Why have I been billed on my credit card for an annual fee?
February 3rd, 2010Free Credit, The No Annual Fee Credit Card
January 25th, 2010The greater part of lending institutions now offer no annual fee credit cards to draw in potential clients. Selecting a card with no annual fee can save you a great deal of money. Don’t accept the first offer you receive though. Selecting the right card can be tricky and knowing what type of contract you are commiting to is important.
Help Choosing a No Annual Fee Credit Card
January 24th, 2010The bulk of lending institutions now offer no annual fee credit cards to draw in new consumers. Selecting a card with no annual fee can save you boat loads of money. Don’t accept the first offer you receive though. Selecting the right card can be tricky and understanding the type of contract you are locking into is essential.
How to Find a No Annual Fee Credit Card
January 24th, 2010The greater part of banks now offer no annual fee credit cards to bait prospective consumers. Choosing a card with no annual fee can save you loads of cash. Don’t jump at the first offer you receive though. Choosing the right card can be tricky and realizing what kind of contract you are locking into is important.
The No Annual Fee Credit Card And You
January 20th, 2010The better part of lending institutions now offer no annual fee credit cards to attract would-be consumers. Finding a card with no annual fee can save you a lot of cash. Don’t accept the first offer you receive though. Finding the right card can be tricky and realizing the type of contract you are locking into is crucial.
With No Annual Fees Credit Card: It Is Freedom For Life
January 20th, 2010When the direct sales agent comes to offer you the credit card, without any transaction fee you are always happy to put that card in your wallet. But it may also happen that at the end of the year after the card has completed one year and when you receive the bill for annual fees on the credit card you may rue the decision of having the credit card. It had been observed by the credit card industry that most of the credit cards underwent mortality within a year of being issued, as the users were not ready to pay the annual fee of the credit card.
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