topic Re: Not understanding credit one in Rebuilding Your Credit

Not understanding credit one

montana586 — Wed, 03 Jul 2013 18:46:35 GMT

So i always been under the impression that if u pay ur balance in full every month u dont pay any interest on a credit card or at least that's how its been since I opened a capital one secured card 2yrs ago so to my surprise on my credit one card I pay the balance in full yet I still owe $1.67 in interest how is that possible? And I paid it before the statement cut can someone explain how they can do that if I've paid my balance in full? I thought interest only occurred when u made the minimum payment..... once I'm done with this whole mortgage process credit one good riddance...... SUB PRIME= really annoying

Re: Not understanding credit one

coterotie — Wed, 03 Jul 2013 19:17:49 GMT

yep, if you read the fine print, creditone doesn't have a grace period. I only use mine to guarantee hotel rooms and stuff like that. That way there is never a finance charge.

@montana586 wrote:
So i always been under the impression that if u pay ur balance in full every month u dont pay any interest on a credit card or at least that's how its been since I opened a capital one secured card 2yrs ago so to my surprise on my credit one card I pay the balance in full yet I still owe $1.67 in interest how is that possible? And I paid it before the statement cut can someone explain how they can do that if I've paid my balance in full? I thought interest only occurred when u made the minimum payment..... once I'm done with this whole mortgage process credit one good riddance...... SUB PRIME= really annoying

Re: Not understanding credit one

montana586 — Wed, 03 Jul 2013 20:19:29 GMT

Wow that's horrible I can't wait to get rid of them kno of any other credit card companies that do this?