Jetblue Amex minimum payment due increased
Aug 22, 2011, 7:32 am
#1
Original Poster
Join Date: Jun 2008
Posts: 39
Jetblue Amex minimum payment due increased
I really love this card but they have just increased my minmal payment due.
I called and "threatened" to cancel because I can't afford to pay their increase and my first year anniversary is coming up(October).... the rep caught me off guard and said ok I'll cancel
I became flustered and said uh I'll call back... I have to discuss this with my husband first.
Is there anything I can do or say to get around this increase? Can i get another Amex card with no annual fee?
Any advice will be greatly appreciated.
I called and "threatened" to cancel because I can't afford to pay their increase and my first year anniversary is coming up(October).... the rep caught me off guard and said ok I'll cancel
I became flustered and said uh I'll call back... I have to discuss this with my husband first.
Is there anything I can do or say to get around this increase? Can i get another Amex card with no annual fee?
Any advice will be greatly appreciated.
Aug 22, 2011, 7:37 am
#2
Join Date: Nov 2010
Location: Bellingham, WA
Programs: AMEX Platinum, Delta Gold, Alaska Air MVP Gold
Posts: 449
Not trying to be a jerk here, but if you're only making the minimum payments on your card you really really need to re-evaluate your financial plan. Just making minimum payments on your CC is one of the worst things you can do.
How much did they increase it by?
How much did they increase it by?
Aug 22, 2011, 7:46 am
#3
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
Probably, but the change in the minimum payment likely applies to all American Express credit cards. This page shows the cards with no annual fee:
http://www304.americanexpress.com/ge...s/no-fee-cards
However, if you are carrying a balance the annual fee is only a small part of the problem. If your credit score is adequate you need to find a card with no rewards, a much lower APR, and a balance transfer offer. Most likely you will find the lowest APR at a credit union. This situation ir really outside the scope of Flyertalk. I suggest you look at http://creditboards.com for advice.
http://www304.americanexpress.com/ge...s/no-fee-cards
However, if you are carrying a balance the annual fee is only a small part of the problem. If your credit score is adequate you need to find a card with no rewards, a much lower APR, and a balance transfer offer. Most likely you will find the lowest APR at a credit union. This situation ir really outside the scope of Flyertalk. I suggest you look at http://creditboards.com for advice.
Aug 22, 2011, 7:48 am
#4
Original Poster
Join Date: Jun 2008
Posts: 39
Currently I have a $102 balance and my minimal payment due is 35.
The rep told me (not in so many words) that from looking at my payment history I shouldn't have a problem paying so why am i complaining.
Aug 22, 2011, 7:51 am
#5
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
Aug 22, 2011, 7:53 am
#6
Original Poster
Join Date: Jun 2008
Posts: 39
Probably, but the change in the minimum payment likely applies to all American Express credit cards. This page shows the cards with no annual fee:
http://www304.americanexpress.com/ge...s/no-fee-cards
However, if you are carrying a balance the annual fee is only a small part of the problem. If your credit score is adequate you need to find a card with no rewards, a much lower APR, and a balance transfer offer. Most likely you will find the lowest APR at a credit union. This situation ir really outside the scope of Flyertalk. I suggest you look at http://creditboards.com for advice.
http://www304.americanexpress.com/ge...s/no-fee-cards
However, if you are carrying a balance the annual fee is only a small part of the problem. If your credit score is adequate you need to find a card with no rewards, a much lower APR, and a balance transfer offer. Most likely you will find the lowest APR at a credit union. This situation ir really outside the scope of Flyertalk. I suggest you look at http://creditboards.com for advice.
Discover did this same nonsense to me last year . I didn't cancel the card because I had it since the 90's ...
Aug 22, 2011, 7:59 am
#7
Original Poster
Join Date: Jun 2008
Posts: 39
Amex modified their minimum payment due requirements
Although prior to this change I was paying more than the minimum amount due.... I simply can not afford to pay their increase.
Aug 22, 2011, 8:06 am
#8
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
Do you mean you cannot pay $35, or that you would not be able to make the minimum payment after charging your nephew's university fees? I assume your sister will be reimbursing you for those expenses.
Aug 22, 2011, 8:16 am
#9
FlyerTalk Evangelist, Ambassador: World of Hyatt
Join Date: Jul 2001
Location: NJ
Programs: Hyatt Globalist, Fairmont Lifetime Plat, UA Silver, dirt elsewhere
Posts: 46,919
I really love this card but they have just increased my minmal payment due.
I called and "threatened" to cancel because I can't afford to pay their increase and my first year anniversary is coming up(October).... the rep caught me off guard and said ok I'll cancel
I became flustered and said uh I'll call back... I have to discuss this with my husband first.
Is there anything I can do or say to get around this increase? Can i get another Amex card with no annual fee?
Any advice will be greatly appreciated.
I called and "threatened" to cancel because I can't afford to pay their increase and my first year anniversary is coming up(October).... the rep caught me off guard and said ok I'll cancel
I became flustered and said uh I'll call back... I have to discuss this with my husband first.
Is there anything I can do or say to get around this increase? Can i get another Amex card with no annual fee?
Any advice will be greatly appreciated.
I'm sorry, but if you can't make the new minimum payment on your card, which you've only had a year, perhaps you shouldn't have it at all.
These rules are put into effect to ensure people aren't in debt for the rest of their lives because they only make minimum payments.
Aug 22, 2011, 8:21 am
#10
FlyerTalk Evangelist, Ambassador: World of Hyatt
Join Date: Jul 2001
Location: NJ
Programs: Hyatt Globalist, Fairmont Lifetime Plat, UA Silver, dirt elsewhere
Posts: 46,919
I really love this card but they have just increased my minmal payment due.
I called and "threatened" to cancel because I can't afford to pay their increase and my first year anniversary is coming up(October).... the rep caught me off guard and said ok I'll cancel
I called and "threatened" to cancel because I can't afford to pay their increase and my first year anniversary is coming up(October).... the rep caught me off guard and said ok I'll cancel
I wasn't making the minimal payment. I make frequent payments throughout the month with all my cards and when the bill is actually due i pay over the amount.
Currently I have a $102 balance and my minimal payment due is 35.
The rep told me (not in so many words) that from looking at my payment history I shouldn't have a problem paying so why am i complaining.
Currently I have a $102 balance and my minimal payment due is 35.
The rep told me (not in so many words) that from looking at my payment history I shouldn't have a problem paying so why am i complaining.
Have you looked at the bottom of the statement where it shows how much the carried balance will cost you and how long it will take to pay off if you keep making minimum payments?
Aug 22, 2011, 8:24 am
#11
Original Poster
Join Date: Jun 2008
Posts: 39
I guess the only way of escaping these new changes is to cut up my credit cards
I just rely on them heavily for obtaining miles....
Aug 22, 2011, 8:27 am
#12
FlyerTalk Evangelist, Ambassador: World of Hyatt
Join Date: Jul 2001
Location: NJ
Programs: Hyatt Globalist, Fairmont Lifetime Plat, UA Silver, dirt elsewhere
Posts: 46,919
It's really not my business, but you really need to reconsider helping with the college tuition.
Those miles you're getting are going to cost you a fortune after paying interest, particularly on large charges.
That free vacation you think you're getting really isn't free. Add up all your interest charges for the year to see how much that Jet Blue ticket really is costing you.
Those miles you're getting are going to cost you a fortune after paying interest, particularly on large charges.
That free vacation you think you're getting really isn't free. Add up all your interest charges for the year to see how much that Jet Blue ticket really is costing you.
Aug 22, 2011, 8:43 am
#13
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
What is the new minimum payment requirement? I assume it is X% of the balance, but not less than $35. If that's accurate, what is X? How much will the university payment be?
Aug 22, 2011, 9:24 am
#14
Original Poster
Join Date: Jun 2008
Posts: 39
I just got off the phone with Amex and was told that my interest rate remains the same the minimum amount due will be changed from $20 to the $35 each month depending on the balance. blah blah..........
They also gave me 2000 points and a $10 credit to keep the card open.
I will only use this card when i'm sure i'll be able to pay off the balance in full prior to receiving a billing statement
Thanks everyone.
Aug 22, 2011, 9:32 am
#15
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
Unfortunately, it's the "blah,blah" part which contains the information we would need to help you calculate your required payment on a larger balance.