I treat my credit cards the same way.  We never carry a balance.  However, there have been a couple of months over the past several years that I mailed the payment the day before it was due.  They don't care about postmarks... if they don't "open" it before its due, they charge the finance charge.  I can live with that... but they charge the finance charge for the next 3 months even if those payments are paid in full before the due date.  I think that is ridiculous.

There is no doubt that the credit card companies are ripping people off.  I know that Congress has held several hearings on these issues.  I hope they get around to doing something about it.  I would cancel the card and get one somewhere else, but they are all the same these days.  And apparently, they know it.  When I threatened to cancel the card, they said "no problem, would you like me to transfer you to the cancellation department?"

Best,
Robert A. Franco
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