Rant: Money Hungry Debt People

[TheoSqua]

So I have this line of credit with Best Buy, and they're seriously evil.

So they don't start the bill cycle until the first of the month. Meaning if I pay the bill for May on April 28th, instead of the money going for the May bill, it adds it on to the April bill and you still have to pay a minimum payment in May.

Here's the kicker: My bill is due on the third of every month. That means I have a 72 hour window to pay my bill without getting a $45 late fee. If I had to mail in the bill, I guess i'd have to post-date the check in order to get it there on time. Seriously. Is that legal? Maybe I just don't understand how their billing process works and i'm doing something wrong? WTF?

I don't think it was like that until I started making the payments online, so maybe it has something to do with that. Either way. Messed up.

[wart57]

You can't set up a pending payment on line to post on the 2nd?

[TheoSqua]

You can't set up a pending payment on line to post on the 2nd?

I have it set up with my bank now, but I was just going to bestbuy.com clicking make a payment and submitting it, which I don't think allows you do do that. It's not that big a deal really, I was just amazed that it looks like the period to pay my bill is all of 3 days.

[jeffbgoofy]

I would also assume they may have a grace period after that date they do not advertise...