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Frequent Contributor
Posts: 387
Registered: ‎06-15-2013
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Question about Interest?

When does the "grace period" start? Is it after the statement cuts?

AMEX BCE: 5k; Barclay Apple: 2.5k; BoA CB: 3k; BoA BBR 4.2k; BoA Travel: 8k; Chase Sapphire: 5k; Chase Freedom: 6k; Citi Diamond: 3k; Discover IT: 9k

June 2013 FICOs: TU: 763; EX: 754; EQ: 764 (was 747 9/2012). Last app 2/20/2014 Garden until 3/2015
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Senior Contributor
Posts: 27,589
Registered: ‎02-07-2013
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Re: Question about Interest?


hutchj wrote:

When does the "grace period" start? Is it after the statement cuts?


The minute it says APPROVED Smiley LOL

+ Chase ink =




Frequent Contributor
Posts: 387
Registered: ‎06-15-2013
0

Re: Question about Interest?


myjourney wrote:

hutchj wrote:

When does the "grace period" start? Is it after the statement cuts?


The minute it says APPROVED Smiley LOL


LOL.

AMEX BCE: 5k; Barclay Apple: 2.5k; BoA CB: 3k; BoA BBR 4.2k; BoA Travel: 8k; Chase Sapphire: 5k; Chase Freedom: 6k; Citi Diamond: 3k; Discover IT: 9k

June 2013 FICOs: TU: 763; EX: 754; EQ: 764 (was 747 9/2012). Last app 2/20/2014 Garden until 3/2015
Community Leader
Senior Contributor
Posts: 27,589
Registered: ‎02-07-2013
0

Re: Question about Interest?


hutchj wrote:

myjourney wrote:

hutchj wrote:

When does the "grace period" start? Is it after the statement cuts?


The minute it says APPROVED Smiley LOL


LOL.


Thought you would get a kick out of that

+ Chase ink =




Valued Contributor
Posts: 1,715
Registered: ‎03-07-2013
0

Re: Question about Interest?

lmao Smiley Very Happy



GARDEN GOAL: MARCH 2014
LAST APP: 08/20/2013
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Frequent Contributor
Posts: 293
Registered: ‎06-05-2011
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Re: Question about Interest?

[ Edited ]

Your grace period on a charge starts after you have been billed for said charge (statement cut).

Scores: EQ - 763 (Amex FICO 8/1/2015) TU - 761 (Discover FICO - 7/31/2015), EQ - 770 (Citi FICO - 7/28/2015)
Current Cards: Amex BCE - 10k, NFCU cashRewards Sig - 8k, Discover It - 7k, Citi Dividend WE- 6.5k, Chase Freedom - 4k
Last App: 6/10/2014. In the garden for a few years.
Frequent Contributor
Posts: 387
Registered: ‎06-15-2013
0

Re: Question about Interest?


myjourney wrote:

hutchj wrote:

myjourney wrote:

hutchj wrote:

When does the "grace period" start? Is it after the statement cuts?


The minute it says APPROVED Smiley LOL


LOL.


Thought you would get a kick out of that


I did. Normally, I don't really even pay attention to due dates & when the statement cuts because I always make a payment when I get my paid. But with my new BoA BBR card, you have to let a balance post to each statement, so I'm trying to make sure I have all of my ducks in a row to make sure I pay no interest ever.

 

@JollehRoger Thanks!

AMEX BCE: 5k; Barclay Apple: 2.5k; BoA CB: 3k; BoA BBR 4.2k; BoA Travel: 8k; Chase Sapphire: 5k; Chase Freedom: 6k; Citi Diamond: 3k; Discover IT: 9k

June 2013 FICOs: TU: 763; EX: 754; EQ: 764 (was 747 9/2012). Last app 2/20/2014 Garden until 3/2015
Highlighted
Frequent Contributor
Posts: 271
Registered: ‎02-10-2013
0

Re: Question about Interest?


hutchj wrote:

myjourney wrote:

hutchj wrote:

myjourney wrote:

hutchj wrote:

When does the "grace period" start? Is it after the statement cuts?


The minute it says APPROVED Smiley LOL


LOL.


Thought you would get a kick out of that


I did. Normally, I don't really even pay attention to due dates & when the statement cuts because I always make a payment when I get my paid. But with my new BoA BBR card, you have to let a balance post to each statement, so I'm trying to make sure I have all of my ducks in a row to make sure I pay no interest ever.

 

@JollehRoger Thanks!


You have to pay the statement balance by the due date to not pay interest. 

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