Those financial institutions just play trick on us again

Tweet

Well, I had posted here before about my credit card didn't send me the bill every other month, what is the deal with that? They shouldn't be forgotten about this, because they never miss to send bill before. On these couple of months, they just acting so weird, sometimes I got my bill from the mail, sometimes I won't. Until I call their 1 - 800 number to find out the minimum amount and due day. From some experts and columnists comments, The Federal government just enacted the new law to reduce the transaction fees from retailer who take debit cards; and the penalty fees over the credit cards too. So, it indicates a significant amount of profit loss from those banks and financial institutions. In order to make those profits back to their pocket, they have to play some tricks on their customers. That is one of them. Last month I didn't receive my bill, and I almost forget about it due to my busy schedule and those major holidays. When I call the 1 - 800 number to find out about it, it was Dec 19, and the bill suppose due at Dec 23. I sent the check next day. They still charge me $25 penalty for it. What a trick.