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

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
myjourney
Posts: 25,246
Registered: ‎02-07-2013

Re: Question about Interest?


hutchj wrote:

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


The minute it says APPROVED :smileylol:

"Intelligence plus character--that is the goal of true education"
Cap1 EO link below
http://lmgtfy.com/?q=Capital+One+CEO+email+address+#seen
Last 5 apps 6/6/13
Frequent Contributor
hutchj
Posts: 387
Registered: ‎06-15-2013

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 :smileylol:


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
myjourney
Posts: 25,246
Registered: ‎02-07-2013

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 :smileylol:


LOL.


Thought you would get a kick out of that

"Intelligence plus character--that is the goal of true education"
Cap1 EO link below
http://lmgtfy.com/?q=Capital+One+CEO+email+address+#seen
Last 5 apps 6/6/13
Valued Contributor
djc1puno
Posts: 1,715
Registered: ‎03-07-2013

Re: Question about Interest?

lmao :smileyvery-happy:



GARDEN GOAL: MARCH 2014
LAST APP: 08/20/2013
---=[NORTHBOUND]=---
Frequent Contributor
JollehRoger
Posts: 253
Registered: ‎06-05-2011

Re: Question about Interest?

[ Edited ]

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


Scores: TU - 762 (Discover FICO - 6/01/2014), EQ - 716 (MyFico FICO - 12/1/2013)
Current Cards: NFCU cashRewards Sig - 5k, Amex BCE - 6.8k, Discover It - 5k, Citi Dividend WE- 5k, Chase Freedom - 2.5k
Last App: 6/10/2014. In the garden for a few years.
Frequent Contributor
hutchj
Posts: 387
Registered: ‎06-15-2013

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 :smileylol:


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
Frequent Contributor
Dubious
Posts: 271
Registered: ‎02-10-2013

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 :smileylol:


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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