Question about credit card interest
Now my question is that right? Payments have been done and it seems they charged full interest of the full amount (being $4,000 when it started) instead of maybe being an interest charge of about $80 (of the remaining balance which was like $350). I checked on the website and it said "EQUAL PAY/DEFERRED INTEREST".
I want to understand how does that exactly work charging full interest when the balance is almost paid in full. I called and was able to fix this I just paid whatever was remaining to end it just curious if what they did was right or wrong (basically the interest they charged which made me go wow).