Six months ago I decided to try to accrue credit card points and then made payments within days. However, I have been charged $22 in interest while earning $14.50 in points. Losing $7.50 isn't a huge deal, but it shouldn't have happened, I should have earned $14.50.
Each month I am confused that I have any purchase balance at all and that I am charged interest on it. I called Navy Federal and the lady did not have any idea why I was being charged interest, so she suggested that I talked to her supervisor. The supervisor gave me a long and complicated explanation. I asked "I am making payments too soon?"
"Sir, I did not say that!" She then gave me a longer and more complicated explanation. I asked what my current purchase balance is (which I can only ever see on my statements) and she said $436.95!
My balance is $215 lower than it was six months ago, but I have over $400 in recent purchases?
I said "I will make an immediate payment of $436.95 and then stop using your card because I am making payments too soon. Have a good night."
With altogether too much enthusiasm she responded "You too!"
The problem is that I made payments on pending charges, so $222 went towards my balance transfer, and the rest went for recent purchases. Somehow I do not have 30 days to pay off purchases before paying interest because I have a balance transfer.
They are not required to have a grace period?
