BOC credit card gave me a heart attack
I was palpitating when I saw huge amounts debited in my Aug statement. It was a $280 "annual fee", $19.95 "goods and services tax", and near $80 "interest in the payment" amount.
As much as I enjoy earning BOC's interests and rebates, I get confused sometimes with their ibanking portal. BOC has gotta up their portal design man. I always have difficulties understanding their credit card statements.
Called BOC and it turns out it is my CC anniversary so I was "welcomed" with a $300+ annual fee charge, which they will help to waive off. Goodness, what if I didn't check my statement properly?
As for the interest in the payment, apparently, I didn't pay my bills?! How could I have let this happened?! Hope they waive this off cause I've been paying my bills diligently.
Following this incident, here are 2 reminders to myself:
- Always pay your bills in full once you receive the statement! Don't wait to pay your bills only nearing the payment due date :(
- Check your bills throughly by matching your transactions with your budget tracking sheet