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?
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.
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?
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
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