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My Gap Card did have a zero balance

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Ambular1304
Contributor

My Gap Card did have a zero balance

So I was checking all my accounts and when I checked my gap card there was a balance of 1.00 after I just paid my balance off last week, anyone know why? Is it to generate a statement? 

Message 1 of 6
5 REPLIES 5
Anonymous
Not applicable

Re: My Gap Card did have a zero balance

Did you carry a small bal the month before. Most CC have a min. interest charge of 1$ or $2 for small amounts.
Message 2 of 6
Anonymous
Not applicable

Re: My Gap Card did have a zero balance

Interest

Message 3 of 6
ojefferyo
Valued Contributor

Re: My Gap Card did have a zero balance

Residual interest from the balance you carried the month prior. Interest are always behind.

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Message 4 of 6
Ambular1304
Contributor

Re: My Gap Card did have a zero balance

Oh ok that makes perfect sense, thanks for all the responses!

Message 5 of 6
ojefferyo
Valued Contributor

Re: My Gap Card did have a zero balance

Glad we could help!!

Amex Platinum, Amex Hilton HHonors Surpass, Chase Southwest Premier, Chase Marriott Rewards Premier, Discover IT, Sony Visa, Barclay Arrival+ MC, Cabela Visa, Walmart SC, Amazon SC, Kohls, Diners Club Premier, PayPal Credit, PenFed Platinum Reward Visa, PenFed PLOC, Chase Ritz Carlton, Citi TY Premier, Amex BCP, Discover Miles, Care Credit, Blue Nile SC, iComfort SC, Cap1 Venture, Chase Hyatt, Lowes, US Bank Cash+, Citi Costco Visa
Message 6 of 6
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