my chase card statmaent cut on first, paid it off the 9th , I want to use the card before the next staement, so I call up and it was explain on my next statement, I would be charge interest for 1st-9th, but purchaes after the 9th would subject to grace period.
chase is daily average balance and it true all new Discover accounts are also, I just hope they don't change my account like chase did, two cycle should be prffered among non-revovling
my discover and Wamu are two cycle
inorder for these accounts to be PIF I must pay $116.35 my 06/10 and to discover $25.26 by 06/01
But the thing about these amounts are that they May's statement balance
So because I NEVER carry a balance on these cards. instead of my grace period of time between my bill and and my new balance is due, I get the grace period new balance since I paid the previous cycles statement balance.
with single cycle you pay off cycles ie. junes payment is for mays purchases , two cycle you pay off statements ie. june payment is for Mays statement balance
Message Edited by rbbyrbsn on
05-22-2008 12:11 PM