Quote:
Originally Posted by villagetinker
Over the last several months several stores we deal with have been using or changed to using Synchrony Bank, which has in turn imposed a $2 per statement fee unless you use paperless banking.
Here is my question: if your account has a zero balance and you have not signed up for the paperless banking do you still get a $2/monthly charge?
My analysis is that I can use my money back credit card instead of the store card and come out ahead on most accounts and most months. Based on this I am planning on dropping most if not all of the store credit cards and just use the money back card.
Thank you for your info and thoughts.
|
I'm confused. Why not just sign up for paperless banking?
I don't have any store cards, but I do have a second credit card that I occasionally use for risky online purchases. When I do, I make an immediate online bill payment for that amount from my checking account, so my balance goes to zero. I never need to deal with a monthly statement for that card. Credit card companies will accept a payment at any time or multiple payments, regardless of the statement date.