I don't need a percentage, but just a simple answer as lower or higher and why. I'm a little confused (yet... I'm sure I know the answer) on the topic. Thanks for all the help I get. The first answer that answers my question in a few short sentence will probably get the 10 points. People who give me an excerpt from another site(that I could have found myself) don't count.
2007-07-29 17:54:38 · 7 answers · asked by ›tªmmy‹ 3 in Business & Finance ➔ Credit
NONE.
2007-07-29 17:58:21 · answer #1 · answered by mld m 4 · 1⤊ 0⤋
The way they word the contract you shoudn't have to pay any interest. But in real life they often hold your payment a couple of days before posting it ,so that you might be close enough to the due date that it actualy gets an interest charge.
2007-07-30 01:19:55 · answer #2 · answered by Robert F 7 · 0⤊ 0⤋
If you always pay it off within your credit cards allowed grace period, which most are approximately 25-28 days, then your interest you will pay will be 0. However, if you go over your allotted grace period you will be charged your specific interest rate for the credit card for that month on the entire balance. I hope that is what you are looking for.
2007-07-30 00:58:52 · answer #3 · answered by dzwreck 4 · 0⤊ 1⤋
If you pay it off as soon as you get your first bill, it is ZERO interest that first month.
If you carry any balance over to the next month, full interest applies on it.
Hope that helps!
2007-07-30 01:16:19 · answer #4 · answered by Anonymous · 1⤊ 0⤋
If balance is 0 then it's 0 interest.
2007-07-30 01:16:01 · answer #5 · answered by JL K 2 · 1⤊ 0⤋
If you pay it off before it is due you wouldn't pay interest.
2007-07-30 00:58:46 · answer #6 · answered by shipwreck 7 · 0⤊ 0⤋
Normally no interest for early pay...
2007-07-30 01:35:04 · answer #7 · answered by Anonymous · 0⤊ 0⤋