Which credit cards will cancel your bill if it is small?

[meed18]

For many of the same reasons companies cancel a bill if it’s too small. If you are a business and have a multi year contract for 50000 and someone claims pif at within say 50 dollars, you could muster the administrative resources to contest it or you could just accept pif and close out the account. It’s not worth it to fight it.

Or they could just cash the check and still keep the balance of 50 outstanding. There generally has to be a legitimate dispute as to the amount owed for a pif memo line on a check to carry weight.

Agree with Full_Disclosure. It’s one thing to cancel a $50 bad debt after 180+ days with a customer that isn’t doing business with you anymore. It’s a different thing to close an account immediately when a payment comes in $50 short. The latter doesn’t sound that common to me. I’ve never been an AR manager, but I’ve audited entities with AR and it’s more common to see bills going out for amounts close to the cost of postage than it is to see $20+ debts cancelled before they are even late.

[doveroftke]

It’s a different thing to close an account immediately when a payment comes in $50 short.

Agreed… but that’s not going to stop me from sending the payoff amount minus $49 before my final payment is due (on the off chance I ever get to that point) just in case.

[naas]

US Bank just stopped canceling mine. Anyone else?

[telflonmail]

There is a data point that in the month where you have “Annual Membership Fee” (even 0.00) there will not be a “Credit Adjustment” to cancel the small balance.

[jesselivermore]

D1sc0ver has always cancelled up to $2 for me for a long time now.

D1sc0ver still cancels up to $2 ?

[3c3]

D1sc0ver still cancels up to $2 ?

yes.

[naas]

Thanks telflonmail, my $0 annual fee did post during that same cycle. I guess I’m the second data point for that