You only have to pay the statement balance to avoid interest

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Sep 10, 2024
2:37:49pm

SalmonOfCapistrano All-American

You only have to pay the statement balance to avoid interest

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SalmonOfCapistrano

Previous username: Pedant
Bio page: SalmonOfCapistrano
Joined: Feb 1, 2012
Last login: Sep 19, 2024
Total posts: 11,004 (76 FO)

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Messages

Author

Time

Credit Card interest calculations and terminology

Tricky

Sep 10, 2:36pm

You only have to pay the statement balance to avoid interest

SalmonOfCapistrano

Sep 10, 2:37pm

That's always been my assumption. Wanted to confirm.

Tricky

Sep 10, 2:38pm

All you need is automatic payments of statement balance. I haven't paid interest

Powerbait DPM

Sep 10, 2:44pm

The only exception is if you were foolish enough to do a cash advance

Sep 10, 2:44pm

If my account has a day ending zero balance at any day during the billing cycle,

rmsenior

Sep 10, 2:59pm

This is not true

Sep 10, 3:55pm

You got a thumbs down because it's a bold statement to state something is not

rmsenior

Sep 11, 8:36pm

typically your due date is a few days before the end of the subsequent billing

SalmonOfCapistrano

Sep 11, 9:24pm

I am not wrong

Sep 12, 10:49am

With regard to MY card account, you are WRONG. I'm not speaking of any others.

rmsenior

Sep 12, 11:01am

Worst cc story ever

my4boys

Sep 10, 5:00pm

Wow, that sucks. Id have told them to waive the interest or I’d cancel the card.

Powerbait DPM

Sep 10, 5:09pm

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