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

[meed18]

@highmktgoods

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.

@Full_Disclosure

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]

@meed18

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]

@Ma_Barker

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

D1sc0ver still cancels up to $2 ?

[3c3]

@jesselivermore

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

[dealseeker]

Before that what were you charging on the US Bank card 1.00?

[naas]

I’ve been doing 0.99. I just noticed 1.00 listed once in the OP for a USbank card. Anyone tried 1.00 with US Bank?

[3c3]

US Bank just cancelled $0.99. I don’t even remember if I had tried it before. I thought it no longer worked.

[dealseeker]

US bank cancelled at 1.00 for club carlson personal and business

[glitch99]

Interesting development today. My Discover card statement cycled with a $1.99 balance, and instead of zeroing it out, they added another $1.99 to my balance due.

But I think I understand the quirk (it’s not like I’m going to call and ask…). I have a purchase from my previous (July 4th) statement that I just disputed. I’m assuming the dispute effectively re-opened the prior statement with that purchase on it, and now with the active dispute that statement isn’t eligible for the small balance credit I had received.

So at least for Discover, it seems an open dispute pre-empts any small balance credit, even retroactively. Maybe that’s old news, but I don’t recall that ever being mentioned (either here or a FWF).

[3c3]

US Bank cancelled $1.00 last month, but not this month.

[jesselivermore]

chase does not cancel $1 balance

[scripta]

Who said that it does?

[jesselivermore]

just a data point

[3c3]

I charged $1 to my Fidelity Investments Visa last month just to keep it active. Didn’t expect to get $1 credit adjustment.

[Honkinggoose]

@3c3

$1 to my Fidelity Investments Visa

Is that the one through Elan?

[3c3]

@Honkinggoose

Is that the one through Elan?

Yes. Are there different providers?

[Honkinggoose]

@3c3

Are there different providers?

I don’t know, but presume there may have been at some point. I don’t find Elan, despite the $1 write-off, to be that high on the customer service scale. They are certainly not up to the standards that I have encountered at Fidelity.