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.
til 2
crooked-dinner-47274
08/01/2025, 5:31 PM
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f
flat-daybreak-65495
08/01/2025, 6:29 PM
Yes! I learned that the hard way also!
c
crooked-dinner-47274
08/01/2025, 6:44 PM
thanks for sharing, glad I wasn't the only one who missed this I guess 🙂
crooked-dinner-47274
08/26/2025, 8:48 PM
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 🙂