- Centurion Member
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- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
lobbythis wrote:Yea...would love to know how that is possible.
The OP can hopefully answer, but one possible explanation is that the charge card had automatic payments set up for everyday small purchases. The pay-over-time feature only applies to certain unusual large and some travel-related charges, so it would be almost like having a separate account.
I have no intention of ever using the pay-over-time feature (do to the 30-something percent effective APR), and my knowledge of it is limited. I do know, though, that it is not the same as having a charge card act like an ordinary credit card. With pay-over-time, some kinds of charges need to be paid with the first bill, and other kinds can be paid off over time. It's not like making a minimum payment on a credit card, where the purchases are all treated the same way.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt, Arrival
May close or PC: Prestige, BrooksBros
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech