Small Balance Adjustment - GE Capital Card

For years I owed 27p on an A&L Visa card which I no longer used. It was set up to be paid by DD but they never bothered to collect it. I assume they thought it would cost more than 27p to process a DD, but that didn't stop them sending statements showing it every month for about 36 months, which must have cost more! In the end I closed the account, and I half expected they would ask for the 27p before they closed it, but they never did.

Nick

They would have sent you a monthly statement even if the balance had been zero.

The only problem is that most of the time if you pay just short of the full balance, they will charge interest next month, which probably will be worth their while collecting, and if the balance is less than £5 or whatever, the minimum payment will be the full balance and you would get a late payment fee if you didn't pay it.

A and L may, but many companies wouldn't. I have several dormant cards that I don't receive statements for. After a few months they just seem to give up.

Neb

This seems to be increasingly common, the A&L Visa didn't send statements for zero balances/zero transactions when I first opened it, but probably they do now.

I still regularly receive monthly statements for an IF Visa I cancelled last year, its the first time I've had statements for a cancelled card so long after it was closed. The statements say; 'Balance 0.00 Credit Limit 0.00', makes you wonder why they bother?

Nick

Well I can confirm that the store card in question does not send out statements when the balance is zero - maybe this is the main reason they write off the balances.

My dormant cards send me statements generally once a year, or when there is a change to the T&C.

In message , Ric writes

With my HSBC gold charge card if there is no balance I often get a letter saying 'as there was no statement issued this month because there were no transactions here are the advertising leaflets you would have got".