So on credit card statements theres the section which shows the APR and the balance subject to the APR... ive never had any cards before that use this techinque to charge interest. Its usually the balance left over from your last statement that is subject to interest. Is this technique specific to NFCU or does it happen elsewhere. I feel like use ADB im getting charged way more interest than other cards. (And yes please dont dont tell me i should be paying my cards in full - theres a reason why i didnt do this this past month)
Current Goal: 740
@mfinsmi1 wrote:So on credit card statements theres the section which shows the APR and the balance subject to the APR... ive never had any cards before that use this techinque to charge interest. Its usually the balance left over from your last statement that is subject to interest. Is this technique specific to NFCU or does it happen elsewhere. I feel like use ADB im getting charged way more interest than other cards. (And yes please dont dont tell me i should be paying my cards in full - theres a reason why i didnt do this this past month)
My impression is that they all follow a formula like that.
I also always thought that everyone does the same.
i havent had interest charged in almost 2 years so maybe i forgot lol