TIL Scenario: You make multiple payments on a CC t...
# credit
c
TIL Scenario: You make multiple payments on a CC throughout the month but continue to maintain same average balance If the sum of all payments equals "pay in full", interest is zero. If you are even a few percent short, you lose the grace period and pay interest on new usage immediately.
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f
Yes! I learned that the hard way also!
c
thanks for sharing, glad I wasn't the only one who missed this I guess 🙂
Another TIL - the sum of payments need to be by the due date, not closing date. I missed that. BH I called and they actually gave me a credit for this month 🙂
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