I have a Sears store card with a balance of about $250. Last month I paid $50, or five times the minimum. This month it shows no payment due. Is this a mistake on their part, or is there a reason for this? Should I call? It is almost impossible to get through to them, so I decided to post first.
It's no mistake. Keep in mind though the interest will still accrue if you make a payment or not. Make the payment and pay less interest.
This is a standard thing with Sears. Personally, I wish all cc companies would do the same and let the customer make the decision about whether to skip a payment (and pay the resulting additional interest) if they have paid more than minimums in previous months. I have a lot of gripes with Sears, but this is one area in which I think they got it right. DemPooches
Is capital1 same way? same thing o my hubby's statement. He always pays half his balance. But there is no minimum due. I never understood that
Yep, George is right. They are doing you no favor by allowing you to skip a payment. MBNA does this on my account during Dec. and, April {tax filing season}.
If you have a $0.00 due...and had $12.32 interest...DON'T pay any less than $12.32...YOU WILL THANK YOURSELF FOR DOING SO...
