Even though i might have made another purchase since the statement came out? Example: My statement ends on the 23rd, and i pay the balance of the 23rd statement in full, but on the 24th i make a purchase and i don't pay anything on that purchase, just the balance of my last statement.
2006-12-08 08:16:21 · 5 answers · asked by hiyadisbtara 2 in Business & Finance ➔ Personal Finance
Everyone is right, however, there is a catch.....if you sporadically carry a balance....pay off in full a couple of months....then carry a balance for two months......they can start charging interest on the new purchases immediately.....sleazy, but legal......
Reason No. 312 why you NEVER carry a balance on a credit card.
2006-12-08 10:20:56 · answer #1 · answered by Paula M 5 · 0⤊ 0⤋
If you pay off your balance each month you won't be charged interest.
Your quite correct, the purchase on the 24th won't reflect on this statement. It will show up on next months statement.
2006-12-08 08:26:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Hec is right. In the scenario you describe, the only fee you're likely to pay is the annual credit card fee, which can vary from $10 to $30 per year.
2006-12-08 08:25:02 · answer #3 · answered by Chiebukuro 3 · 0⤊ 0⤋
Unless CapitalOne uses some weird policy, the answer is "No". Generally you don't pay interest as long as you pay in full. Just never use it for cash widthrawal.
2006-12-08 08:23:27 · answer #4 · answered by hec 5 · 0⤊ 0⤋
each statment/billing cycle is its own. if you payed off the bill in full with each statment, there is NO intrest. it is just like paying with cash. keep it up, thats the best way to build your credit rating.
2006-12-08 08:25:22 · answer #5 · answered by sarahgarlough 2 · 0⤊ 0⤋