Interesting tidbit I discovered this evening about my card. Let me say at the beginning I do like my card and will continue to use it. Mine is the one that offers 5% cash back each statement cycle on gas purchased at the pump as determined by Visa. So far everything has gone perfectly as the credit is given on time and the balance due them is paid before the due date. The thing that got me is the following:
For the last 2 statement cycles my balances before rewards ended up ending with an un-even number. So i did a little figuring after the rewards were credited to both statements.
#1) 5% of $32.55= $1.6275 - reward of $1.62, short $0.0075.
#2) 5% of $32.07= $1.6035 - reward of $1.60, short $0.0035.
Total short = $0.011 which in my mind should be carried so that #2 should have paid $1.61 with a carry of $0.001 to my next statement.
Well apparently Pen Fed/Visa doesn't carry so I sit here wondering how much they are making when this might be happening to all their account holders.
So, my solution to this small problem is to ensure that each paid at the pump charge or my monthly total now ends in $0. When figured, that will eliminate the fraction of a penny being lost. Yea a penny and it's alot to me.
