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Posts: 25
Registered: ‎07-28-2012

Interest question

Hello all,

I recently opened a Merrick Bank card and have a set-up fee and annual fee. My first payment is due soon. I wanted to know if companies charge interest on these fees or just your actual transactions. I was trying to decide if I should pay the full amount or just for my transactions. Thanks.
First Niagara MC $500| Cap1 QS1 $1,000| Cap1 QS MC $1750|
Merrick Bank $1,250| Express $1,450| Victoria Secret $2,150|
J Crew $4,850| Walmart $4,000| Discover It $3,500| Chase Freedom $1,500| Citi Simplicity $900|
Cap1 Venture $10,000| Cap1 QS Visa $3,000
Ficos: Tu-688 / Eq-688 / Ex-642
Valued Contributor
Posts: 1,517
Registered: ‎09-14-2012

Re: Interest question

They will charge interest on your balance as a whole.  If you can I would PIF

Never take credit personally

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