Chase Manhattan Bank Complaint - My $30 and 55 cents - When a balance really isn't a balance
NEW YORK, NEW YORK -- You would think if your credit card statement said your balance is $x. xx and you paid that amount in full your card would be paid off, right? You would assume interest is based on the remaining balance after your payment. No, it isn't! I paid off my balance as of the 4th of the month, then on the tenth Chase comes back and hits me up for an extra $30.55, which to me is out of thin air. Their explaination over the phone was that "interest is accruing all through the month" - well if that's the case how can you ever pay off a card??? Paying your balance should be paying your balance, anything else is deceptive, Chase. Banking is the laziest job the world has ever known, and they don't think they owe us anything!