LogFAQs > #964508442

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Topic	Why do people stress that you have to pay off an Amex at the end of each month?
argonautweakend 04/23/22 12:23:13 PM #6:	Some AMEX are still charge cards(whole balance every month), some are current normal credit cards(can pay off a minimum with no fee except for interest). The thing is, if you have to pay in full every month it means you can't game the system and pay off the statement balance and be free. With normal credit cards you can pay off the statement balance and avoid interest, though it still is best to just pay off the entire amount in full every month even so. <cite>argonautweakend posted [p:964508442] in Why do peo... [t:79995569]...</cite> <quote>Some AMEX are still charge cards(whole balance every month), some are current normal credit cards(can pay off a minimum with no fee except for interest). The thing is, if you have to pay in full every month it means you can't game the system and pay off the statement balance and be free. With normal credit cards you can pay off the statement balance and avoid interest, though it still is best to just pay off the entire amount in full every month even so. </quote> ... Copied to Clipboard!
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