• filter:
  • Text Only
  • Search this Topic »
rated:
websquirrel said:   Purchased some shoelaces from REI for $0.84. Thought I would charge it to my Chase Freedom card and get some free laces. Got a surprise statement with a bill today.
Yes, I also got a 99c Chase Freedom bill recently. I was surprised.

I had a 49c Capital One Sony Card bill cancelled out today. I needed to use it once to make it active after it had gotten closed due to inactivity, so I bought a stamp at the post office. Having the charge waived is a bonus. I should have bought 2!

rated:
BingBlangBlaow said:   We all should change to paper. Although, I don't really think Chase cares much about that waste. I just opened a Slate card and am still receiving pre-approval mailing for it.
Many years ago I had a $6 balance when I switched my service from AT&T Wireless (pre-Cingular), since I had foolishly paid my last bill before cancelling.† I asked to have a check mailed to me and they told me that they "absorbed" credits of under $10. I kept getting bills every month showing the $6 credit for a couple of years, even when they got bought by Cingular. Eventually I got a check in the mail and the statements stopped coming. I got a good chuckle over the amount of money they wasted on those statements, all because they wouldn't send me the $6 check when I asked for it.

rated:
billrubin said:   I had a 49c Capital One Sony Card bill cancelled out today. I needed to use it once to make it active after it had gotten closed due to inactivity, so I bought a stamp at the post office. Having the charge waived is a bonus. I should have bought 2!
Capital One cancels a small bill of $1 and under.
Simply using the credit card for a small amount may not work. Activity might be triggered only when a statement is generated.

rated:
Statements are generated whether the bill is canceled or not.

rated:
Does Cap1 do a small balance credit for $1 or only for $0.99 and under?

rated:
The answer is in the summary!
Yes, it would take me less time to just tell you, but I'm full of hate

rated:
Slightly off topic, but Hyundai Finance cancelled the remaining $21 on my loan as "small payment adjustment"

rated:
zjts said:   Does Cap1 do a small balance credit for $1 or only for $0.99 and under?
I don't know. Why don't you look at my post a few before yours to see if there are any current reports.

rated:
I read your post a few above mind before posting. DO not see where it is relevant to my question

rated:
chuzzlewit said:   Slightly off topic, but Hyundai Finance cancelled the remaining $21 on my loan as "small payment adjustment"
† That's awesome. On the other hand my wife's Nelnet owned federal student loans required me to pay the last outstanding penny.

rated:
chuzzlewit said:   Slightly off topic, but Hyundai Finance cancelled the remaining $21 on my loan as "small payment adjustment"
Infiniti cancelled $16 on my loan.† They didn't say anything about it; I made a $16 payment through a billpay service, and that payment was returned to me.† On Infiniti's website, where it shows the previous payment I made, the Principal Balance was $16 less than it should be (seems to have magically changed to the amount of my previous payment), and it shows the Transaction Type as Payoff Payment instead of Regular Payment.† Later, their website showed my account as closed, and I got the title in the mail, and a letter saying the contract obligation has been satisfied.
I wonder what the cutoff amount is for cancelling car loans...

rated:
zjts said:   I read your post a few above mind before posting. DO not see where it is relevant to my question
Good point, I misread your post. But someone responded to me saying that they cancel $1 or less. †And the summary has reports that†they have credited a $1 charge as recently as last year.

rated:
stanolshefski said:   
chuzzlewit said:   Slightly off topic, but Hyundai Finance cancelled the remaining $21 on my loan as "small payment adjustment"
† That's awesome. On the other hand my wife's Nelnet owned federal student loans required me to pay the last outstanding penny.

† One time I closed a deposit account with $0.01 left.† They actually sent me a Cashier's check for a penny, I kept it hanging on my refrigerator for a couple of years as a conversation piece.

rated:
chuzzlewit said:   stanolshefski said:   
chuzzlewit said:   Slightly off topic, but Hyundai Finance cancelled the remaining $21 on my loan as "small payment adjustment"
† That's awesome. On the other hand my wife's Nelnet owned federal student loans required me to pay the last outstanding penny.

† One time I closed a deposit account with $0.01 left.† They actually sent me a Cashier's check for a penny, I kept it hanging on my refrigerator for a couple of years as a conversation piece.

Hope you mobile deposited it. That's 1 penny more for the bank to profit!!!

rated:
billrubin said:   
zjts said:   I read your post a few above mind before posting. DO not see where it is relevant to my question
Good point, I misread your post. But someone responded to me saying that they cancel $1 or less. †And the summary has reports that†they have credited a $1 charge as recently as last year.

† As recently as last year chase was crediting 0.99.... so that is why I asked if Cap1 is currently doing $1 small balance credits

  • Quick Reply:  Have something quick to contribute? Just reply below and you're done! hide Quick Reply
     
    Click here for full-featured reply.


Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.

Thanks for visiting FatWallet.com. Join for free to remove this ad.

TRUSTe online privacy certification

While FatWallet makes every effort to post correct information, offers are subject to change without notice.
Some exclusions may apply based upon merchant policies.
© 1999-2015