Timeline for When should I pay off charges on credit card if my main concerns are reward points and credit score?
Current License: CC BY-SA 4.0
4 events
| when toggle format | what | by | license | comment | |
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| Apr 26, 2021 at 22:17 | comment | added | Ben Voigt | @SRiverNet-reinstatemonica: Not for any of the competitive cards -- they all have a several week grace period which doesn't even start until the cycle ends. Only subprime cards charge interest when the balance is paid in full on consecutive months. | |
| Apr 26, 2021 at 16:23 | comment | added | RiverNet | It does, depending on the bank's billing cycle versus when you pay your bill. If you don't want to carry a balance from "month to month", are you referring to making sure you pay by the end of the calendar month, or within the bank's billing cycle? For example, one of my banks just closed its April cycle today, even though there are still 5 calendar days left in the month. If your payments don't sync with the bank's cycle, you could still pay interest despite paying off the balance each month. | |
| Apr 26, 2021 at 16:15 | comment | added | TripeHound | OP says they don't want to be carrying a balance from month to month, so how interest is calculated doesn't matter, as far as I can see. | |
| Apr 26, 2021 at 14:07 | history | answered | RiverNet | CC BY-SA 4.0 |