distantarray wrote:
YoungJay18 wrote:like if i have a 750 balance and 25 is min if i pay the 25 will i get a 750 credit line again for the next month but continue to carry the balance
wow I'm glad you came to the boards to ask.... If you have a credit limit of $750 and you spent $750 if you do the minimum payment of $25 your look at $725 balance
(if no interest rates are accessed, remember most credit card companies do not charge interest for a grace period Amex gives you 25 days before interest is charged.)
So you would only have a balance of $25 usable credit.
Could you imagine the type of trouble people would get into if that were the case??
beb86 wrote:
distantarray wrote:
YoungJay18 wrote:like if i have a 750 balance and 25 is min if i pay the 25 will i get a 750 credit line again for the next month but continue to carry the balance
wow I'm glad you came to the boards to ask.... If you have a credit limit of $750 and you spent $750 if you do the minimum payment of $25 your look at $725 balance
(if no interest rates are accessed, remember most credit card companies do not charge interest for a grace period Amex gives you 25 days before interest is charged.)
So you would only have a balance of $25 usable credit.
Could you imagine the type of trouble people would get into if that were the case??
LOL then I would understand the national debt 100% since the national debt is about $50,000 per person x 300 million people including infants to senior citizens
wow I'm glad you came to the boards to ask.... If you have a credit limit of $750 and you spent $750 if you do the minimum payment of $25 your look at $725 balance
(if no interest rates are accessed, remember most credit card companies do not charge interest for a grace period Amex gives you 25 days before interest is charged.)
So you would only have a balance of $25 usable credit.
Could you imagine the type of trouble people would get into if that were the case??
LOL then I would understand the national debt 100% since the national debt is about $50,000 per person x 300 million people including infants to senior citizens
Buy 1 get 30 free haha
distantarray wrote:
YoungJay18 wrote:like if i have a 750 balance and 25 is min if i pay the 25 will i get a 750 credit line again for the next month but continue to carry the balance
wow I'm glad you came to the boards to ask.... If you have a credit limit of $750 and you spent $750 if you do the minimum payment of $25 your look at $725 balance
(if no interest rates are accessed, remember most credit card companies do not charge interest for a grace period Amex gives you 25 days before interest is charged.)
So you would only have a balance of $25 usable credit.
lol, I think it's cute. My younger brother did not know anything about credit cards. His first year at Brown University, he used a credit card for the first time in his life and thought he would make his payments to the bookstore he purchased the books at !!
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