Anonymous
Anonymous asked in Business & FinanceCredit · 2 months ago

Credit card interest,1st If owe 100.00 at cut off date,and then i get my monthly bill for 100.00 if my total go above this,?

lets say i spend 100.00.00 more by the time i get my bill for the 100.00 if i only send in the 100.00,will or won't i be charge intrest on the additional 100.00 or would there only be interest charged if it wasn't payed on the next bill?

Update:

Typo i ment 100.00 i forgot to fix that error.

2 Answers

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  • 2 months ago

    If you always pay off the entire new balance by the due date, then there is no interest on purchases.  There would still be interest on cash advances.

  • Anonymous
    2 months ago

    Did you know 100.00.00 makes no sense. Did you know payed is actually spelled PAID?

    If you pay the balance stated on your monthly statement in full every month there is never any interest. (Unless you do a cash advance)

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