I have had a JC Penney card for several years. I've always paid on time, and usually over the minimum limit. A couple of times a year I usually made balloon payments. Sometime during the past few years, JC Penney changed the way they handle their department store credit cards and switched to GE Money Bank. In the past, my finance charges were computed on the monthly outstanding balance. Now, however, since GE Money Bank took over, the finance charges are computed daily and that amount is then added to the daily balance. The next day... read full review »