05-25-2013 07:20 AM
To those who have or have had a Credit One CC, how does the interest work? I know there is no grace period, but when do they actually charge the interest? When the statement cuts?
The reason I am asking is because I just paid off my entire balance, which was $75 for the annual fee and $90+ I used for a purchase. The annual fee was due 6/1 with no interest added and the $90 hadn't even hit with a statement yet. when I made my payment for the entire balance, I owe $0 and have my full $300 CL available.
So I am thinking if you pay before the statement cuts there is no interest?
05-25-2013 07:49 AM
how is that though when I show total $0 balance now and full $300 CL available?
I does not matter when you pay it, interest hits on the statement cut.
05-25-2013 07:52 AM
well the first statement had already cut for the AF, and they apparently didn't charge interest on that at all, seems they may not on just fees, only purchases.
So I guess on the next statement I will see an interest charge on the $90 purchase I used this month, even though it's paid. So a few dollars of interest on that amount will be on my new statement?
05-25-2013 09:32 AM
yes you will see the intrest at some point, they post interest when the statement cuts because there is no grace on purchases, my last statement cut with 0 bal but i am still expectiong to see a few dollar interest charge coming next month
05-25-2013 02:57 PM
05-25-2013 09:16 PM
u paid interest as soon as you swipe your card even it's only $1.
I get rid of them as soon as i can
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