I changed my due date, somehow saving myself any interest payments.

[Gregory1776]

I changed my due date, Accidentally Saving myself any interest payments.
my 15m. Old Wells Fargo Active cash -  0% APR ended two days ago based on statements. (So currently I am "being charged interest")

On June 9 I called to have my due date changed so that it lined up with two other credit cards DISCO & AmEx BCP, and I have been waiting and waiting for 4 days for a statement, and CB reports, etc.

just called WF and Rebecca stated that (this doesn't really make since to me why) but the statement is going to close on July 18, and I'll have a due date of August 13th. That's what it looked like to her...

So I went from having to pay a balance of 10,000 in 2ish weeks to 6 weeks with the possibility of not paying interest at all if I pay my statement balance off whenever I get that. 

I'll be making weekly payments, ignoring my utilization on lower limit cards that have not gotten a statement, and if it works out that I don't have to pay 25.24% interest, I will be thrilled. 

I just paid my card to 9,000 it's going to be easy to get it to 5K by 7/18/24.

I originally wanted to not pay a nickel over  the $325 I'm getting from WF for the checking account, if this plays out in my favor, that $300 can be counted on the next BT I made earlier this year...

😅😮‍💨

[FicoMike0]

Good luck with that.

[FicoMike0]

I once had a girlfriend who kept changing her due date...

[Anonymous]

@Gregory1776 

I do not know how Wells does it, but my Savor, Citi Custom, and USB Cash+ all have specific end dates for the 0% APR intro. All 3 dates do not coincide with my statement end dates.

I was under the impression that interest would start the day or day after that date regardless of statement close and intend to have the balance zeroed a few days early.

Am I incorrect and I don't have to pay until the following due date after statement close, or are you in for sticker shock?

[NoMoreDebt]

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@FicoMike0 wrote:

Good luck with that.

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I think he will be in for a surprise if he thinks shaking them for the interest due is that easy.

[Kforce]

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@Gregory1776 wrote:

Old Wells Fargo Active cash -  0% APR ended two days ago based on statements.

(So currently I am "being charged interest")

I'll be making weekly payments, ignoring my utilization on lower limit cards that have not

gotten a statement, and if it works out that I don't have to pay 25.24% interest, I will be thrilled. 

I just paid my card to 9,000 it's going to be easy to get it to 5K by 7/18/24.

$9,000 balance with weekly $1,400 payments and 25.4% interest.

Assuming weekly payments applied to principal in a timely manner. 

	Loan :	9000.00
	Rate :	25.40 %
	Pmt :	1400.00
	Term :	Weekly
Payment	T-Pmt	Princ	T-Princ	Int	T-Int	Balance	Pmt #
1400.00	1400.00	1356.04	1356.04	43.96	43.96	7643.96	1
1400.00	2800.00	1362.66	2718.70	37.34	81.30	6281.30	2
1400.00	4200.00	1369.32	4088.02	30.68	111.98	4911.98	3
1400.00	5600.00	1376.01	5464.03	23.99	135.97	3535.97	4
1400.00	7000.00	1382.73	6846.76	17.27	153.24	2153.24	5
1400.00	8400.00	1389.48	8236.24	10.52	163.76	763.76	6
767.49	9167.49	763.76	9000.00	3.73	167.49	0.00	7

[Gregory1776]

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@Anonymous wrote:

@Gregory1776 

I do not know how Wells does it, but my Savor, Citi Custom, and USB Cash+ all have specific end dates for the 0% APR intro. All 3 dates do not coincide with my statement end dates.

I was under the impression that interest would start the day or day after that date regardless of statement close and intend to have the balance zeroed a few days early.

Am I incorrect and I don't have to pay until the following due date after statement close, or are you in for sticker shock?

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My 0% expired on the 26th, and I also wouldn't be shocked if I got charged interest. I've just become very interested in not paying any... it adds up incredibly quickly, especially on moderately high (for me) balances. 

how it would work is the the question and probably something I don't completely understand. 

[Gregory1776]

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@NoMoreDebt wrote:

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@FicoMike0 wrote:

Good luck with that.

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I think he will be in for a surprise if he thinks shaking them for the interest due is that easy.

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🤣 right so maybe the lady didn't understand it just as much as I don't. 

statement usually closed 24th

0% apr stopped 26th. 

I changed the due date to the 13 and have yet to get a statement, of which I didn't expect to have an interest balance on if it closed on the 24th

but would have next statement July 24 if it closed then

[Anonymous]

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@Gregory1776 wrote:

My 0% expired on the 26th, and I also wouldn't be shocked if I got charged interest. I've just become very interested in not paying any... it adds up incredibly quickly, especially on moderately high (for me) balances. 

how it would work is the the question and probably something I don't completely understand. 

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I've just become very "interested"  

Well, you have my curiousity and I am happy to have you as a guinea pig.

Do let us know how it works out.

[SouthJamaica]

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@NoMoreDebt  wrote:

.......

I think he will be in for a surprise if he thinks shaking them for the interest due is that easy.

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Agreed