Comments on: Small Balance Credit/Credit Adjustment tricks

By: Jen

Jen — Fri, 08 Oct 2010 18:09:23 +0000

They also keep your money when they owe you less than 99 cents. I just found that out. I intend on purchasing a small item and paying the amount minus what they kept.

By: Hu$tler

Hu$tler — Wed, 22 Sep 2010 22:16:12 +0000

this is such an old post..i didn’t think people still do this..very impressive my friend.

By: McSrooge

McSrooge — Wed, 22 Sep 2010 20:10:47 +0000

Chase, at least the 10-15 accounts that I have (Amazon, Shell, AARP etc.) now only waives the fee when it’s $0.99 or less. Discover is still good for $1.99 per month. Spirit (Barclay’s bank) and Sears are only good for $0.99 but I still collect nearly $400 a year in free gasoline purchases.

By: Eric

Eric — Fri, 22 Jun 2007 11:09:58 +0000

Got it, thanks for the clarification.

By: Hu$tler

Hu$tler — Fri, 22 Jun 2007 04:47:57 +0000

Keeping true to my form player, Hustling is the name of the game

By: rocketc

rocketc — Fri, 22 Jun 2007 04:31:26 +0000

Sometimes I get on your blog and just laugh. You aren’t one of those people who go to lunch with your grandmother and then make her pay for half, are you? What a way to make an extra buck… ha, ha.

By: Hu$tler

Hu$tler — Fri, 22 Jun 2007 00:35:00 +0000

I wrote “Most issuers consider low balance amount would cost them more for preparing and sending out postal mail statement.”

This means that you must carry a balance. It depends on the cards. E.G. Use your Chase Card that has 0 balance, and now charge $1.99 of Gas. Do not use the card anymore, and just wait for the bill. Once you see the bill, the balance is 0.

By: Eric

Eric — Fri, 22 Jun 2007 00:03:10 +0000

What??? you need to elaborate. Are you saying that if from month to month where there is no activity (and therefore the balance is zero)that the CC company will offer your account a credit?

“Instead, they will issue what is called a Small Balance Credit or Credit Adjustment to your account and forgive the debt.” But there is no debt so why would there be an offering to put a positive balance in the account. MAYBE if you were set up for postal delivey of the account statement… but even still, $0.42 vs. a 25$ credit seems ridiculous.