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scripta said:   ^^^ the last report of Fido success was in 2013, I think, and even that was sporadic.
  
Actually, I reported just a couple of months ago that I got a $1.00 small balance credit on my Fido AmEx.  Since then, I've tried $1.99 and $1.49, but no credit.  It must be hit-or-miss.  Still, I'm making sure my BBR cards report at least a $2 balance each statement, to make sure I get my $30.

Chris.

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This thread is so rediculous. There ain't no such thing as a free lunch.

I'm surprised all CC issuers don't just charge the full amount. It's weird you still have a few exceptions but who is charging such small purchases. My min purchase is always higher.

A small purchase to me is roughly 3.00.

Lots of small business don't even take credit cards for small balances. Vending machines for mass transit would run just under three dollars. Big chains like 7-11 or McDonalds would accept CC but who is just getting a coffee and isn't that even over the small balance amounts.

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deeder said:   This thread is so rediculous. There ain't no such thing as a free lunch.

I'm surprised all CC issuers don't just charge the full amount. It's weird you still have a few exceptions but who is charging such small purchases. My min purchase is always higher.

A small purchase to me is roughly 3.00.

Lots of small business don't even take credit cards for small balances. Vending machines for mass transit would run just under three dollars. Big chains like 7-11 or McDonalds would accept CC but who is just getting a coffee and isn't that even over the small balance amounts.

  Or...you can charge away for the month and pay all but a small balance, i.e. $1.99 on Discover, prior to your statement closing date, and then you get a free credit.

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Don't feed (or spoonfeed) the troll.

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Some banks will cancel large bills (e.g. balances of $25+) if you simply don't pay. Just stop using the card, ignore the bill for around 6 months or so, let the late fees and interest pile up, and they will eventually close the account. They will then send a final bill showing a zero balance, so nothing owed!

To my surprise, it's not too bad on the credit score either. Not sure why.. maybe has to be a regular occurrence.

deeder said:   This thread is so rediculous. There ain't no such thing as a free lunch.
Indeed you can get a free lunch. Just go to your favorite restaurant and pay using a credit card you no longer need. Then do nothing, and it goes away eventually. After they close the account and zero the balance, you can even call them and offer to pay. They don't take it. They just say apply again if you want another card.

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weevisfree said:   Some banks will cancel large bills (e.g. balances of $25+) if you simply don't pay. Just stop using the card, ignore the bill for around 6 months or so, let the late fees and interest pile up, and they will eventually close the account. They will then send a final bill showing a zero balance, so nothing owed!

To my surprise, it's not too bad on the credit score either. Not sure why.. maybe has to be a regular occurrence.

deeder said:   This thread is so rediculous. There ain't no such thing as a free lunch.
Indeed you can get a free lunch. Just go to your favorite restaurant and pay using a credit card you no longer need. Then do nothing, and it goes away eventually. After they close the account and zero the balance, you can even call them and offer to pay. They don't take it. They just say apply again if you want another card.

The worst advice.

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stanolshefski said:   
The worst advice.

  
Why do you think it was "advice"?

Someone said "no such thing as a free lunch", and the BS was countered with fact. It's a factual account of events that actually happened. This is not untested speculation, apart from having a restaurant charge the card (why would that make a difference?). Absorb the facts, or be ignorant. Whether you exploit them is another matter.

As for whether my claims can somehow be converted into advice, consider a case where you have around 4 or so months of extortionate late fees, incurred accidentally because you weren't paying attention. I suppose you would consider it good advice at that point to pay it off immediately. I would say the contrary if your credit record isn't fragile and teetering below 700. Occasionally, there is a free lunch if you know how to get it.

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weevisfree said:   
stanolshefski said:   
The worst advice.

  
Why do you think it was "advice"?

Someone said "no such thing as a free lunch", and the BS was countered with fact. It's a factual account of events that actually happened. This is not untested speculation, apart from having a restaurant charge the card (why would that make a difference?). Absorb the facts, or be ignorant. Whether you exploit them is another matter.

As for whether my claims can somehow be converted into advice, consider a case where you have around 4 or so months of extortionate late fees, incurred accidentally because you weren't paying attention. I suppose you would consider it good advice at that point to pay it off immediately. I would say the contrary if your credit record isn't fragile and teetering below 700. Occasionally, there is a free lunch if you know how to get it.

  Just because it has happened and might happen; it isnt standard procedure, realizing that outcome is nowhere close to being a fact.  You are taking a risk that it backfires, which makes it anything but free.

Might as well state that there is free clothes at WalMart too, because you know of someone who walked right out with a handful and no one stopped him. 

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Glitch99 said:   
  Just because it has happened and might happen; it isnt standard procedure, realizing that outcome is nowhere close to being a fact.

Regarding fact, are you claiming it's a matter of opinion that the bank closed the account and sent a statement with a zero balance? Is it an opinion that when the account holder calls and offers to pay, the bank made no accommodations to accept a payment?
Glitch99 said:   
Might as well state that there is free clothes at WalMart too, because you know of someone who walked right out with a handful and no one stopped him. 

In your WalMart analogy, the shoplifter escapes detection. In the case I describe, the account holder does not escape detection. It's all in a database, processed by algorithms. Policies and procedures guide staff on manual actions.

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weevisfree said:   
Glitch99 said:   
  Just because it has happened and might happen; it isnt standard procedure, realizing that outcome is nowhere close to being a fact.

 

Regarding fact, are you claiming it's a matter of opinion that the bank closed the account and sent a statement with a zero balance? Is it an opinion that when the account holder calls and offers to pay, the bank made no accommodations to accept a payment?

If you are so confident this is a result you can count on, then start a new thread about not paying your credit card bill with no repercussions. See how consistently that result can be replicated. How many times have you actually replicated it?

You can be of the opinion that the fact it has happened before means it will always happen, but you are taking a rather large risk each time you attempt to execute that plan. Unlike a small balance credit, where if you don't receive the expected result, you simply pay off the balance with zero repercussions.
  

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weevisfree said:   
stanolshefski said:   
The worst advice.

  
Why do you think it was "advice"?

Someone said "no such thing as a free lunch", and the BS was countered with fact. It's a factual account of events that actually happened. This is not untested speculation, apart from having a restaurant charge the card (why would that make a difference?). Absorb the facts, or be ignorant. Whether you exploit them is another matter.

As for whether my claims can somehow be converted into advice, consider a case where you have around 4 or so months of extortionate late fees, incurred accidentally because you weren't paying attention. I suppose you would consider it good advice at that point to pay it off immediately. I would say the contrary if your credit record isn't fragile and teetering below 700. Occasionally, there is a free lunch if you know how to get it.

  Such great advice from new FWF accounts lately...

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US Bank cash+ cancelled $0.45
Chase Marriott billed $0.95

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rfclub said:   US Bank cash+ cancelled $0.45
Chase Marriott billed $0.95

  Chase now bills at all amounts.

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Is Capital One still zeroing out balances under $1?

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billrubin said:   Is Capital One still zeroing out balances under $1?
  Yes.

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Penfed billed $1.00. Previously cancelled $1.

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dataadmin said:   
billrubin said:   Is Capital One still zeroing out balances under $1?
  Yes.

  Just not for GM cards.

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How about Merrick visa card, or cabellas? I was also wondering about gas cards- some of whom citi banks issues

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Hey- True Value credit card is via Comenity. They cancel $1.99.

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Penfed cancelled $0.99 on April 16, 2016.

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gatzdon said:   
bluechalk said:   TD Bank Cash Rewards Visa billed at 99₵. Even worse, the minimum payment is $1.00.  Now I have a 1₵ credit balance on my account.
  Bank of America did that to me.  Even better, after a couple months, they did a small balance adjustment to take my 1˘ credit.

  TD Bank eventually sent me a check for 1˘!

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sunsetcliff said:   How about Merrick visa card, or cabellas? I was also wondering about gas cards- some of whom citi banks issues
  People update the QS with results, so look there.  If your card isnt listed, give it a try and update the QS with the results...

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Cabelas-  just did cancel a $0.98 bill.   yay

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I had .18 with bank of america and it did not cancel

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I had a $0.99 credit balance with BOA and they took it!

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BoA took the balance or took the money?

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Took the money. It was a credit balance. (After trying a .99 balance to see if they'd credit, I accidentally paid the .99 balance twice, resulting in a .99 credit balance.) They did an "adjustment" to make my balance $0, taking my .99.

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BingBlangBlaow said:   Took the money. It was a credit balance. (After trying a .99 balance to see if they'd credit, I accidentally paid the .99 balance twice, resulting in a .99 credit balance.) They did an "adjustment" to make my balance $0, taking my .99.
  On the first statement? Or several statement down the line?

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First statement. It closed with a .99 balance one month. I accidentally paid it twice which created the .99 credit, and it was cleared and closed with a $0.00 balance that month (the exact opposite way all of the small balance credits work).

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BingBlangBlaow said:   Took the money. It was a credit balance. (After trying a .99 balance to see if they'd credit, I accidentally paid the .99 balance twice, resulting in a .99 credit balance.) They did an "adjustment" to make my balance $0, taking my .99.
  
On a secret bankers' forum somewhere, they have a thread that's the opposite of this one.

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I had amex take a 15 cents credit balance after like three months of inactivity. For $0.99 I'd call or send a message to complain.

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Chat didn't help. Online message didn't help. Don't feel like calling. I've made enough off of them.

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BingBlangBlaow said:   Chat didn't help. Online message didn't help. Don't feel like calling. I've made enough off of them.
  
File a complaint online with the OCC
https://appsec.helpwithmybank.gov/olcc_form/ 
and the CFPB
https://help.consumerfinance.gov/app/creditcard/ask#active_tab=vcomplaint 
 

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Don't rock the boat over 99˘. Sunlight kills deals like this thread's.

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I've already spent more than $0.99 of my time updating my experience here. It's not worth a call, which would probably be a huge headache and would only result in me having to go farther to even get it back. I'm not going to file a CFPB complaint. Although it would be nice to make sure they don't do this to anyone, naas has a good point.

Perhaps I'll hit Mikef07 up for a class action...

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We can add Sunoco credit card to that list! I was not going to try it- because citi bank is the issuer. They forgave .99.

Pending also is valero. I suspect they also forgive under $1. I will keep you posted.

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