JPMorganChase Informative - Don't Try To Pay Last Minute From Two Sources
FAIRLESS HILLS, PENNSYLVANIA -- My last two reviews were about banks, so I may as well stay on the money issue.
I'm 18 years old, and have one credit card with JPMorganChase. I'm surprised that they even accepted me with any credit at all, seeing as all of my other credit applications were declined. This is my first credit card, by the way.
My limit is $300.00 a month with a $10.00 minimum monthly payment, however I like to pay it off in full every month. It's not that much of a hassle, I make more than that a month and I usually spend about 200-300 bucks a month as it is. But sometimes things come up and I don't have all of the funds to cover, in this case, $150.00 worth in college textbooks.
Unfortunately, I waited until the night before it was due to put the payments through. I didn't have all that I owed in one Bank account, so I decided to pay from two different accounts. One was for $200.00 from my primary checking, and the other was about $66.00 from my mothers checking account at a different bank. The $200.00 went through, but I was unable to make that second payment to cover the rest because you are unable to make two payments within 3 days of each other. I wasn't aware of this at the time, and was upset because I was unsure of any interest that would be charged to the account. I'm just glad that I payed the larger of the two first, so only $2.06 was charged in interest, which isn't bad.
I'm sure everyone knows about this, and is not 18 with a first credit card like me reading this, but just to put an informative review out there, make sure you don't try this last minute, or at least make the first payment a week before the bill is due to avoid finance charges.