My hubby's credit card bill came to around 1.4k..So i told him before leaving for overseas next week,go pay @ least half of it so tht u dont have to pay for the interest fee as well..But he doesnt seem to budge from his answer of paying next month..due date is 29th jan..
2007-01-16 19:42:38 · 5 answers · asked by Gurlie 1 in Business & Finance ➔ Credit
What I mean is how to persuade him to pay now so tht he dont have to pay interest la..
2007-01-16 19:49:00 · update #1
Come on ! very negligible. You have to pay for the mistake, that all. No big deal as a credit card holder.
2007-01-16 23:20:09 · answer #1 · answered by James Louis 5 · 0⤊ 0⤋
In order to not be charged interest you have to pay the full balance by the due date for 2 billing periods. Paying a portion or even paying a penny off will reset the FC's (finance charges) and you will have to pay the complete bill for another 2 billing periods. It really doesn't matter if you pay now or later in this case. It will only help in paying down the balance.
2007-01-17 03:55:20 · answer #2 · answered by drew2376 3 · 1⤊ 0⤋
As least pay the minimum amount, normally is 3% of the outstanding bill, to avoid the late payment charge.
2007-01-17 03:49:11 · answer #3 · answered by Tan D 7 · 0⤊ 0⤋
I don't see a question there.
If he pays after the due date, he will incur interest charges on his outstanding balance and his rating for the account will go down to R-2 on his credit histiry.
2007-01-17 03:47:22 · answer #4 · answered by Jack 6 · 0⤊ 0⤋
normally is 5% of the outstanding bill, to avoid the late payment charge
2007-01-17 04:04:14 · answer #5 · answered by Sonu G 5 · 0⤊ 0⤋