I have written two previous sections, about what is included in your monthly statement according to new rules enacted by the Credit Card Act of 2009. This next portion that lawmakers have included, I’ll admit, is one of my favorites. It is particularly helpful to Credit Card consumers who may be confused about when exactly the companies have to receive their payments so that they, as consumers, can avoid late fees.
The third thing Credit Card Companies are now required to put on the monthly statement, billed to consumers, is the date on which you will be charged a late fee if payment has not been postmarked/received. This will depend on the credit card company and will most likely vary from company to company as different Credit Cards consider different situations to be late payments. This will be helpful to the consumer because as a consumer, you will know whether you must have your payment simply postmarked by the due date, or at the payment center by the due date. There is quite a difference, especially if every day payment is not received incurs a slightly larger payment.
Check City offers netspend Prepaid Debit Cards so you can avoid the hassle of credit card companies all together! It is a great way to get the convenience you crave from credit cards, while avoiding the fees and interest payments you dread each month. With a netspend Prepaid Debit Card you will deposit all of the money you want to use onto the card,via cash or check,and then when the money is gone, aka your credit limit has been reached, you will have to reload money on the card to use it again. It is a great way to help you stay within a budget and still have all of the conveniences of a credit card. Visit Check City’s Prepaid Debit Card Page to learn all about our great offers and deals on prepaid debit cards and to start saving today.
* This entry was published out of order, with CARD Act Reform: Included in your Monthly Statement Part 4 being published previously due to a technical difficulty.
