@php111 wrote:
I do have an online account. I do not think I understand so please clarify or confirm this. Pay the $25 every month on Nov 8th or before Nov 8th down to less than 10% and do not use the card anymore until it is less than 10%?
Here's how it works:
As long as you pay AT LEAST $25 dollars by the Nov 8th you will not be charged a late fee, but you will be charged interest on the balance. This is what many people do with their credit cards. If you make one or more payments that in total are equal to or more than the statement balance from your Oct 11 statement then you will not be charged any interest on the Nov 11 statement - regardless of any new charges placed after Oct 11. This is much better than just paying the minimum, BUT if you use the card a lot each month, it will "look" like its maxxed out even though you are paying in full each month. The BEST way to use the card is to pay off whatever balance it has, use it as much as you want for every day monthly expenses, make multiple payements and just before its closes, pay the entire balance thats left except for a few dollars, then do not use it until the day after the statement close date. That way you pay no interest, AND it reports a low balance each month.
