A Redditer recently posted this message from a credit issuer, warning that the customer would owe nothing and that the APR on the account would increase by up to 0% if a minimum payment wasn’t received:
Many of you might be wondering why an issuer would remind a customer that they wouldn’t be penalized for a late payment and why this reminder was sent in the first place. Guess what? It has us confused too.
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Have you ever received a confusing or unnecessary message from your credit card company? Email your stories and examples to creditexperts@credit.com and we could write about it!
Kali Geldis Kali Geldis is Credit.com's Deputy Managing Editor. She writes about a wide range of personal finance and credit topics. She previously ran MainStreet.com, the personal finance website powered by TheStreet. She has also worked for The Wall Street Journal as a Dow Jones Newspaper Fund intern and at The Huntington Herald-Dispatch as a reporter.
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