Lets say I owe them $100 and I pay minimum fee, which is $10. Will they charge me interest for the $90 balance that I still owe them??
2006-08-09 15:32:58 · 14 answers · asked by lumi 4 in Business & Finance ➔ Credit
yes.
2006-08-09 15:35:35 · answer #1 · answered by frwd52 2 · 0⤊ 0⤋
Uh, yeah. That's how they make money. You should have received a terms sheet when you received the card - in fact, you should have had terms on the piece of paper you signed. Ask the credit card company for a copy of the current terms on the card.
This is how people get into trouble with credit cards. Not lecturing - I was young once too, and I finally had to go cold turkey, no more charging. CONTROL IT NOW WHILE YOU HAVE THE CHANCE.
2006-08-09 22:41:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
depends on the credit card, mine I don't pay interest for the first 6 months so as long as I pay off the balance in 6 months I don't get interest you gotta call them and find out but normally yea
2006-08-09 22:38:09 · answer #3 · answered by ME 3 · 0⤊ 0⤋
Obviously YES
2006-08-09 22:36:38 · answer #4 · answered by annmohdali 3 · 0⤊ 0⤋
you better believe it!!!!!
any revolving balances get charged finance charges based upon your average daily balance. unless of course, you have a special zero % for a limited time.
2006-08-09 22:54:13 · answer #5 · answered by evanlah 6 · 0⤊ 0⤋
Yes, unless you have a interest free period on the card.
2006-08-09 22:36:03 · answer #6 · answered by slow_play69 3 · 0⤊ 0⤋
Yes that's how credit cards work.
2006-08-09 22:37:20 · answer #7 · answered by mom2babycolin 5 · 0⤊ 0⤋
That's how they make money -- they count on you not paying your entire bill. You bet they charge interest!
2006-08-09 22:37:07 · answer #8 · answered by tsopolly 6 · 0⤊ 0⤋
The charge you no matter what. Even if you payment is late, they charge you.
2006-08-09 22:37:08 · answer #9 · answered by vinible2006 4 · 1⤊ 0⤋
Yes, so you better pay more that 10.00 to pay it off faster
2006-08-09 22:37:03 · answer #10 · answered by Giggles 5 · 0⤊ 0⤋
Every month until it's paid off.
2006-08-09 22:35:41 · answer #11 · answered by unicornfarie1 6 · 0⤊ 0⤋