- Centurion Member
- Posts: 944
- Joined: Mon Oct 19, 2015 2:08 pm
4ktvs wrote:Well my first statement cut for my 1k FNBO card and oddly a balance was subject to the %11(v) interest rate but they charged me $0 interest.
Should I contact them about this or leave it alone since they didn't add an interest charge to my bill?
I have read two years worth of statements and never have I seen this happen before. I think it must be an error in the billing system as none of the balance should be subject to the interest rate.
The terms state that so long as the balance is paid by the due date that they claim is normally 21 days after cut that there would be no balance subject to interest yet there is a balance that is claimed to be subject to interest on the statement.
Can you clarify "subject to interest" - couldn't that just mean that if that specific balance isn't paid in full by the due date that there will be interest changed on it? Or whatever is left of it...
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