Minimum payment?? Help!

[kimcakee]

Hi,
Im new to credit cards. And Im confused I need help.

I paid off my balance to $0 before the statement date and check today that I have a minimum payment due on feb?

Is this normal? You pay your card even without balance???

[pizzadude]

Possibly a residual interest payment ??  What is the amount due, is it small, like several dollars only ?

[kimcakee]

About $4. What is residual interest? Is that normal to be charged? Am I always gonna pay that even if i dont use thecard?

[pizzadude]

It depends on how your CC calculates interest for your charges ~ does a grace period apply to all new charges ?? 

[kimcakee]

Honestly, I really dont know. :/

I paid it off before my cut off date.

[ChesterPDexter]

Look at the statement detail which will explain how they computed interest (if it is interest and not some type of fee.)  If you still don't understand it, call the number associated with the account and get a customer service representative to explain it to you.  That's what they get paid for - it's their job!

[RyVision]

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@kimcakee wrote:
About $4. What is residual interest? Is that normal to be charged? Am I always gonna pay that even if i dont use thecard?

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LOL Ok, lemme guess, just for fun here, this is on your BoA right?  (if not it's just to familiar for me not to laugh)

[pizzadude]

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@ChesterPDexter wrote:

Look at the statement detail which will explain how they computed interest (if it is interest and not some type of fee.)  If you still don't understand it, call the number associated with the account and get a customer service representative to explain it to you.  That's what they get paid for - it's their job!

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+1. 

Give 'em a call they should be able to explain it to you.

[john398]

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@kimcakee wrote:
Hi,
Im new to credit cards. And Im confused I need help.

I paid off my balance to $0 before the statement date and check today that I have a minimum payment due on feb?

Is this normal? You pay your card even without balance???

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You state that you paid before the statement date but did you pay before the due date?

[LS2982]

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@kimcakee wrote:
About $4. What is residual interest? Is that normal to be charged? Am I always gonna pay that even if i dont use thecard?

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Sounds like interest charged to me. Or possibly card insurance