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Paying statement balance PLUS accrued interest since statement cut means

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delaney1
Established Contributor

Paying statement balance PLUS accrued interest since statement cut means

I can use my card after the next statement closes, right?  I've been carrying a balance on one card since March. I paid off the card plus another $70 or so for any accrued interest. My statement closes tomorrow. So as long as my statement cuts at zero I'm good to start using the card again, right? 

I've read several times here that you need two statements closing at zero before your grace period is restored. Just want to make sure, I don't have to wait that long if I've paid extra to cover interest.

Message 1 of 4
3 REPLIES 3
M_Smart007
Legendary Contributor

Re: Paying statement balance PLUS accrued interest since statement cut means

IME, One statement that reports a zero balance.

Unless I am missing something here?

Message 2 of 4
Shooting-For-800
Senior Contributor

Re: Paying statement balance PLUS accrued interest since statement cut means

Just use your card as normal and it off BEFORE the statement cuts.

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $500k unsecured credit in 2024.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!



Message 3 of 4
Remedios
Credit Mentor

Re: Paying statement balance PLUS accrued interest since statement cut means

One statement for most lenders,two for Chase. 

Message 4 of 4
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