Q Talk

[ptbaker]

Has anyone noticed that the interest rate has gone to 31% revolving? I have already paid off my last purchases, and was under the impression, as with other credit cards, that when you pay off merchandise, your account should be paid out. With QVC giving our accounts to Synchrony Bank, my statement is showing I still owe 995.00. I have been charged, and paid interest on each month's payment, so therefore, I don't feel that I should owe this amount. I will no longer be using the QVC card, that's for sure!!!!

[depglass]

This makes no sense whatsoever.  You say zero and they say $995?  And you just noticed this?  I'm not saying you are wrong, it is confusing.

[frenchie]

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@ptbaker wrote:

Has anyone noticed that the interest rate has gone to 31% revolving? I have already paid off my last purchases, and was under the impression, as with other credit cards, that when you pay off merchandise, your account should be paid out. With QVC giving our accounts to Synchrony Bank, my statement is showing I still owe 995.00. I have been charged, and paid interest on each month's payment, so therefore, I don't feel that I should owe this amount. I will no longer be using the QVC card, that's for sure!!!!

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If you pay interest every month, you must be paying the minimum. Pay the billed amount and pay no interest. I use easy pay on everything and pay zero interest. They are fleecing you just don't let them.

[Icegoddess]

Look up Residual Interest.  Here's a statement about it from the Chase website:

Interest is still accruing on your balance between the statement date and the date you pay the balance on the statement. If you've made no further charges, you think your next statement balance will be zero. Be sure to watch your statement for interest (residual interest) that accrued on the your balance between the statement date and the date you paid the balance on that statement. If that's the case and a residual interest charge goes unnoticed, it could affect your payment history with a late payment. Late payments can appear on your credit report, potentially impacting your credit score. Contact your card issuer to understand your options if you think you were charged incorrectly for residual interest.

[bells4me]

You may still have easy pays due each months. Yes, I noticed the interest so transfered money & paid my Q & HSN card last month.  I still have a couple of easy pays due.

[meem120]

That interest charge is ridiculous.A lot of the stores and sites I shop use them.  I stick to my one MC from my local bank and that's it.  It's really taking advantage of ppl during a time when we're slowly heading into a severe recession.  Times are tough out there for many ppl.

[kaydee50]

WHY does anyone get a QVC card?  What are the perks?  With my MC and Visa, I get money back.  No way would I ever get a QVC "card"!

[ptbaker]

I paid off all my easypays last month. I just got this months bill, and its showing I owe 995.00.

[ptbaker]

All my easy pays were finally paid out last month, so I owe nothing.

[ptbaker]

I have always paid double or more what the payment calls for. I know what happens if you only pay the minimum.