Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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I will say that most companies make this quite clear on their website (ie their home screen will say something like current balance, last statement balance, and payment due date, which means a little...
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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18 Replies
1,512 Views
I was under the assumption that you paid interest on every transaction. This is what stopped me from getting a credit card all these years!! My parents were wrong! So you only pay interest past the...
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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18 Replies
1,512 Views
It is truly a wonder how these kids make it onto a finance forum
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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One should never use a credit card for a cash advance. If you have no money in the ATM, charge it with your credit card.
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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18 Replies
1,512 Views
wha?
here's how it works. Usually a CC cycle is a month. After that 30 days, the statement is closed. You usually have another 14-28 days (the only CC I have with a 14 day "grace" period is my...
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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18 Replies
1,512 Views
I have had a credit card for over a year now but still don't understand the interest/due date. I have never been charged but I stop using the card 4-5 days before the payment is due.
Say I have a...
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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18 Replies
1,512 Views
What he said.
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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18 Replies
1,512 Views
I'll try and further clarify.
Each credit card has a different billing cycle. It might be the 14th to the 14th. or the 27th to the 27th. But for simplicity sakes, lets say its the beginning to the...
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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18 Replies
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While I agree you should never miss a payment, I thought they only report missed payments that are >30 days late.
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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18 Replies
1,512 Views
I will break it in a few simple step so you can understand exactly how they work :
1. There is 2 things you need to know.
a. Statement Cut off Time.
b. Due Date.
If you look at my...
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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I didn't see anyone mention this right off hand so I wanted to include it just in case someone didn't know, cash advances are charged with interest immediately. Any transaction where you use a pin...
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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18 Replies
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You typically pay your credit card in arrears. Meaning this month's payment is for last month's charges.
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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18 Replies
1,512 Views
We learn new thing everyday.
Dont be afraid to ask for anything.
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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18 Replies
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Most cards are like this, but some aren't. I have one, I forget which, that doesn't charge interest on cash advances until the normal due date. Of course I never actually use it for that.
This.
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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No, I don't know anything about credit cards. So if I pay my bill I don't have to pay interest?!
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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18 Replies
1,512 Views
I still can't tell, but I will go against my better judgment and assume you are being serious.
No, if you pay your bill in full every month, you do not get hit with any interest. As long as the...
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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Dont tryna be smart but payments late after 30days would going to report to all three credit bureaus. But dont never miss a payment. Once you do they will drop about 50 to 100 points on your credit...
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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18 Replies
1,512 Views
Ya because asking questions to better my financial interest is stupid right? Just live in oblivion by your statement. Seems legit;)
It did and thank you
Noob credit card question about due date
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Thread created 11-12-2012 by zamac_man
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18 Replies
1,512 Views
I can't tell if your post was supposed to be sarcastic or not. For your sake, I hope it was...
