I suppose this isn't a credit card account, technically speaking. However, I have an APR on it (19.9%) so it sure freakin' feels like a credit card account!
When I was at my previous job, at an art college in NYC, I opened a checking account at Chase bank. A very smart move on my part, considering Chase is literally everywhere in the city. There's even a branch in my 'hood! Very convenient pour moi.
At the time I opened the account, I applied for and received this overdraft. You know that rush you get when you're approved for credit on the spot? Amazing, right? Like you just received a very high honor for having decent credit. I was quite proud of myself.
For a while, about a year, I barely noticed the account. I wasn't in the habit of overdrawing my account or bouncing checks, so I was comfortable. Then I went back to school, and there were days when I just needed to have cash, so hello overdraft! And it was great. Chase would take from the overdraft only what was needed to bring my checking back to zero. Then one day, they started drawing off the overdraft in $50 increments. No explanation, that's just the way it was. And no, I did not inquire. Please see my previous entry on my decision to ignore what was happening to my credit.
So, here I am today. Hello overdraft. I haven't actually overdrawn my account in over a year, so I'm strictly in payoff mode.
My Goal: Pay off this debt with my tax return.