Schwab Visa

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Category: Business & Finances

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Texas, United States

Schwab Visa Reviews

wdeertz October 17, 2009
Changed payment amount so to incur interest
Has anyone else had issues with Schwab visa switching payment amounts so the user incurs interest costs? I am meticulous about making my credit card payments in full each month so as to not incur any interest charges. On my last monthly statement for Schwab visa I scheduled my payment 2 weeks in advance of the due date and for the full amount. While revieiwing my checking account online I noticed an unknown auto debit. While checking further I found out it was from Schwab visa for the 1% minimum monthly payment. Sure enough when I checked my Schwab visa online it only posted the 1% minimum payment depsite I am 100% positive I input the full payment amount. Fortunately I caught this glitch with a few days to go until the due date so scheduled another payment for the full amount to avoid interest charges.

I am interested to know if anyone else has experienced something similar. I suspect but can't proof it that this is a way for Schwab to wack users with interest charges.

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