Reply #9: I don't know for sure..

[sendero]

... but I'm betting this only applies to folks who are running a finance balance.

In other words, if you are paying in full every month, there is no finance charge.

That said, my CC company (Citibank) has taken to pulling some strange stunts lately. I pay in full every month. Twice now, I've gotten bills that were due in a very short time frame.

On the third of this month, I received a bill that is due on the 10th. One week. Now of course, the holidays and the Ford memorial day had a couple days hand in this, but this is getting absurd. If I didn't know better, I'd say they were doing this stuff on purpose, to try to either bill you when you cannot pay in full, and so start paying interest, or don't notice the early date and shoot them a $40 late fee plus finance charges.

If it continues, I'll have to consider doing something different.