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Interest when carrying a balance

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red259
Super Contributor

Interest when carrying a balance

My due date is today and I paid double the minimum payment. I will PIF within a week. My question is after I PIF will I get hit with interest on new charges this cycle that will be charged after I have submitted my payment in full? 

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Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 828 5/2018, Last App 8/5/17
Goal Score: 800 (Achieved!) In garden until Sepetember 2019
Message 1 of 4
3 REPLIES 3
Anonymous
Not applicable

Re: Interest when carrying a balance

Yes @ interest. It will also take an addtl billing cycle to reinstate your grace period.
Message 2 of 4
red259
Super Contributor

Re: Interest when carrying a balance


@Anonymous wrote:
@Anonymous @ interest. It will also take an addtl billing cycle to reinstate your grace period.

This is such a pain. I need to make additional charges to make my initial spend this month. Granted I think I only need to charge like $18 so maybe I will do a push payment or something before I make a purchase. 

;
Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 828 5/2018, Last App 8/5/17
Goal Score: 800 (Achieved!) In garden until Sepetember 2019
Message 3 of 4
Anonymous
Not applicable

Re: Interest when carrying a balance

Worst case you pay a few bucks in interest.. Certainly the bonus is much more than the interest you'd pay so maybe consider it a cost of doing business.
Message 4 of 4
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