My retail store credit card charges me a $2.00 fee the month after I pay my balance in full. If I pay by the due date is this legal ?
Based on my research, I'm going to guess that the credit card in question is from Macy's.
Macy's credit cards feature a minimum $2.00 interest charge, and they apparently have a history of charging people this $2 interest charge monthly even after their bill is paid in full.
A post on the Consumerist blog from 2010 reports that a reader was getting charged this monthly $2 interest charge. Macy's customer service referred to it as "educational interest."
In 2011, a user named Babble-on reported that a similar thing happened to that user. Babble-on speculated that it was due to interest being charged on a fraction of a penny left over on the account, and resulted in being charged the $2 minimum fee each month.
Based on the reports I've read, it appears you need to call their customer support and request that they remove this $2 charge. After you get that straightened out, you may want to consider closing this account.