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Personal Finance and Investing

bucolic_frolic

(54,791 posts) Sat Feb 28, 2026, 09:46 AM Saturday

For some reason 2 of my credit cards sent amendments to terms. [View all]

The one seems pretty normal, but the other seems wacko. Total minimum payment due is the sum of all past due plus current charges. Not that I ever use the card. I'll cancel it when there's a yearly fee. But that change sure sounds like they're going to collect ALL outstanding charges each month. Does that make any sense? Why have credit card if it's all due every month? Does that mean the bank is in trouble? No rolling credit amounts from month to month?

Plus, everyone using or granted credit is now responsible. This is worse than getting married.

Plus they can collect information from anyone about cardholders.

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For some reason 2 of my credit cards sent amendments to terms. [View all] bucolic_frolic Saturday OP

Credit cards never get used in our household, except to hold reservations. lark Saturday #1

I learned it the hard way myself. I was 40 years old, forced to move back home and couldn't buy a car MIButterfly Saturday #4

Good for you! SheltieLover Saturday #8

Thank you, SheltieLover. MIButterfly Saturday #9

Excellent dedication! SheltieLover Saturday #10

There was a woman at work who was behind in one of her credit cards and every other credit card she had MIButterfly Saturday #2

Guessing it means if payments are past-due, those, plus current min. due are required to not be considered late. SheltieLover Saturday #3

Ah, thanks, and the late fee on the one is $35 /nt bucolic_frolic Saturday #5

So, to avoid the late fee, all payments in arrears plus current payment must be made timely. SheltieLover Saturday #7

"This is worse than getting married. " Pretty funny 😍 walkingman Saturday #6