Quick question about credit cards

Quick question here:

I'm looking at this standard Mastercard from JPMorgan Chase (the kind with the deferred payment option).
Is this basically just a charge card that works the same way an American Express does? Like, zero interest?

I suppose... I pay exactly what shows up on my monthly statements—nothing more, nothing less. I assume my standard approach remains the same...

Susan Ward4 said:Just one thing:

I'm looking at this JPMorgan Chase standard Mastercard—the one with the deferred payment option.
Is it basically a charge card that works just like an American Express (meaning no interest)?

Yeah, 🙂

Susan Ward4 said:Just one quick question:

I’ve been looking at this Mastercard from JPMorgan Chase that offers a deferred payment option.
Does it function like a charge card—basically following the same principle as an American Express where you don't get hit with interest?

Haha, seriously, have you still not picked up one of those cards yet??

American Express is the way to go🙂

Missed it.
Work, home, the local pub... life just happens. 🤣
Had to drag my sorry self over to Citibank since they don't handle my payroll.

Susan Ward4 said:Missed it.
Work, home, the local pub... life just happens. 🤣
Had to drag my sorry self over to Citibank since they don't handle my payroll.

🤣

Haha, I don't actually have an account there either, and I'm honestly thinking about just closing my current one once they finally send over that Goldman Sachs 😁

neonhound10 said:Well, what exactly did you expect from a teller?? When I went into Chase, the lady told me that if I wanted to get a security token that wasn't part of a specific bundle, I had to make a one-time payment of $67 🙂

Maybe try talking to the branch manager and ask them to point out the exact clause in the contract that says you're obligated to pay that...

It’s basic karma—you get treated exactly how you treat them.

If you weren't using the card all year, why wouldn't you have returned it sooner? I guess.
And honestly, it’s easy to lash out at the employee who tells you the news... but they didn't write the bank's entire policy manual, did they?

Joshua Flores said:It’s basic karma—you get treated exactly how you treat them.

If you weren't using the card all year, why wouldn't you have returned it sooner? I guess.
And honestly, it’s easy to lash out at the employee who tells you the news... but they didn't write the bank's entire policy manual, did they?

I think you might have misread the situation here. If you look at what she actually told me, it turns out she isn't even familiar with the service fees at the very bank where she works...

She’s mistaken. If the token fee isn't bundled into the package—say, the rewards suite or the payment assistant—it’s a $24 one-time charge, while the loss amounts to $67.
Even the pros trip up sometimes 😍 🤷

@Jason Cooper50, regarding credit cards—annual fees are paid upfront, not in arrears. Let's not conflate the operations of an insurance provider with those of card issuers; they aren't exactly cut from the same cloth 😉
Since accepting card payments means you've already agreed to their general terms and conditions, I wouldn't advise arguing that you shouldn't have to pay (regardless of how much sense your logic makes). Honestly, I'd suggest trying to "request" a reversal at a local branch since you didn't actually use it—you wouldn't believe 🙄 but you can actually have a reasonable conversation with these people if you try)
And for heaven's sake, people—learn to ask the right questions before signing up. Don't wait until something happens out of pure ignorance and then start screaming about how banks are being malicious 😉

neonhound10 said:I think you might have misread the situation here. If you look at what she actually told me, it turns out she isn't even familiar with the service fees at the very bank where she works...

Just imagine—same exact vibe.
I walk into this Citibank branch I’ve been hitting up for three years now.
There’s this girl working there who’s been on the job for a solid year.
It takes her ten whole minutes just to figure out the fee for pulling cash abroad, and I didn't even ask!
Honestly, I felt awkward even bringing it up since she clearly had no idea.
And we're talking about Citibank here, not some random corner store.🤣

Honestly, I’d much rather deal with this than have someone feeding me totally wrong information...

I’ve run into similar situations before, but since that option is turned off right now, I think I'll just pass🙂

Steven Reed said:She’s mistaken. If the token fee isn't bundled into the package—say, the rewards suite or the payment assistant—it’s a $24 one-time charge, while the loss amounts to $67.
Even the pros trip up sometimes 😍 🤷

@Jason Cooper50, regarding credit cards—annual fees are paid upfront, not in arrears. Let's not conflate the operations of an insurance provider with those of card issuers; they aren't exactly cut from the same cloth 😉
Since accepting card payments means you've already agreed to their general terms and conditions, I wouldn't advise arguing that you shouldn't have to pay (regardless of how much sense your logic makes). Honestly, I'd suggest trying to "request" a reversal at a local branch since you didn't actually use it—you wouldn't believe 🙄 but you can actually have a reasonable conversation with these people if you try)
And for heaven's sake, people—learn to ask the right questions before signing up. Don't wait until something happens out of pure ignorance and then start screaming about how banks are being malicious 😉

👍👍👍 bravo!!!!

I currently hold a checking account with Hypo Bank and I’m looking into applying for a credit card. My income is steady, though it isn't particularly high. Could anyone clarify if there are specific requirements for getting a card at this institution, and which type would be my best bet?😕
Also, once I submit the application, how long does it usually take before I actually have the card in my wallet?

http://www.jpmorganchase.com/home/wps/portal/p...a%20MasterCard

So I was hanging out at the JPMorgan Chase branch earlier, right? And this older lady working there straight up tells me that you’re always getting hit with interest on this card. 😱

The "senior employee" clearly had a bit of a brain fog moment here🤣 🤣
With a standard credit card, interest only kicks in if you're carrying a balance from a cash advance (interest on the loan itself) or if you use consumer credit at a retail store—not just simple installment plans. And which branch are we even talking about???

Forget about names.
She had a good laugh, mostly.

Susan Ward4 said:Forget about names.
She had a good laugh, mostly.

I mean, who's actually making sense here... you, or the lady at the Chase teller window?

I was cracking up.
The lady could barely tell the difference between a Visa and a Mastercard.
She actually looked shocked when I told her I needed my Visa card.

Susan Ward4 said:I was cracking up.
The lady could barely tell the difference between a Visa and a Mastercard.
She actually looked shocked when I told her I needed my Visa card.

So, what's the actual difference? 😂

A charge card is just a type of card, whereas Mastercard is the brand.... Mastercard can be either charge or revolving... Same goes for Visa, they can be charge or revolving, and obviously, so can American Express....

I think you might have gotten a little mixed up here....

Nope.
I said exactly what I said: a credit card with a deferred payment option.