How can I owe a balance when I've not even used C.C. yet?

Question

Several weeks ago I applied for a credit card and was approved.  The card came a few weeks later and I've probably had it activated maybe 2 weeks. This weekend I received a statement from the CC company saying I owed $75 even thought the beginning balance was showing at zero dollars and I've not even used the card.  How is it I owe  bill and the card has never been used?

? · Answer

Call the credit card issuer and ask.

? · Answer

Is there an annual fee associated with the card?  That is probably it.

Christin K · Answer

It's most likely the annual fee. If you got a credit card without reading the agreement, surprise!!  That's what happens. READ YOUR STATEMENT.  It shows what your purchases AND fees are. READ YOUR AGREEMENT before signing.

John Alden · Answer

Annual fee.....read the small print.

? · Answer

An annual fee perhaps? Read the credit card disclosure form that came with the credit card.

Wayne Z · Answer

My guess is that it is the annual fee that you agreed to when you applied for the card.

? · Answer

Is it American Express. American Express used to charge me $50 for an annual fee, but I do get some pretty cool stuff like an event leather planner.

Did you check to see if there’s an annual fee. That’s probably what you’re paying. The statement should have a list of all the charges.

Michael · Answer

The most likely scenario is that the card you applied for charges an annual fee which you pay up front.

DON W · Answer

Sounds like the card had a fee associated with it.  Such fees are bad news.  Did you carefully check out the terms and conditions for the credit card when you applied for it?

A Hunch · Answer

What is the $75 for?
If it's a charge for having the credit card, then you owe it.
If it shows you purchased something and didn't, then you call the credit card company ASAP and get it fixed.

How can I owe a balance when I've not even used C.C. yet?

12 Answers