Here's the deal and the scam:
You used to be able to pay your bill online, with relative ease. However, some MBA at GE Credit decided that the way to increase profits would be to make it much harder to pay your bill. How? First, drive you to use snail mail, for starters, and assign a fairly remote address- thus if you live in CA, have the address be in PA, and vice versa.
Next, you get a one time hit for all of those folks who were used to convenience of online payment, by making them incur a late charge by missing their payment, date. Next, if you miss your payment date, they can increase your interest rate to the maximum.
Next, you'll notice if you've called you can pay over the phone for a $15 fee. Sucker.
I have called several times about this problem, and the latest is that it will take 45 days (ha!) to "link my card to my account." What a lie. This of course cam eto me via the India or Bangladesh or whatever based call bank.
All you can do is kill your card as soon as you can, and warn others to stay far away from this disaster. I'm surprised Paypal would be associated with this kind of BS, since it jsut sours people on the whole Paypal experince, and they've had enough troubles.
Like I said, some MBA had this bright idea, and they are no doubt showing increased profits via late fees and over the phone charges, as well as increased interest rates on balances. But you'd think this is rather short term thinking, as over time folks figure it out and run for the hills.
Pay it off, and go take out a credit card from your local credit union or community bank. These Too Big To Fail Banks like GE Capital are thieves. F--- em.
