when is your total credit card balance ever due?

Question

is just continuous? considering u pay on time and have no penalties

Answer 1

If you ever default on the card the credit company can demand the entire balance due immediately.

Answer 2

The minimum payment due is usually calculated as 2-3% of the balance, with a minimum amount that can vary based on your card. When the balance falls below the minimum amount, the full balance is due.

Answer 3

on a balance of $2000.00 and you pay the minimum payment each time, it will take you over 10 years to pay the balance off providing you do not charge anything else on the card. the full balance would come due if you do not make payments, go into default and are sued for the amount.

Answer 4

You can pay your total balance anytime you want.

Otherwise you just have to make the minimum monthly payments.

Credit card companies make money by charging interest on whatever you don't pay off at the end of each month.

Answer 5

Credit card companies love to have customers who never pay more than the minumum balance. You're paying forever.

Answer 6

Technically your total is due every 30 days, then they give you antoher 25 days grace period to pay it off or whichever you bank chooses. But most people pay off the full amount to avoid interest charges, BUT alot of people leave a small amount left, to build credit

Answer 7

Pretty much depending on the card... unless you're severely past due, or are closing the account; they're usually more than happy to keep charging you interest on your balance!