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Topic	Is it myth that paying off your credit cards hurts your credit sorce?
Tyranthraxus 02/28/21 5:31:33 PM #44:	Perascamin posted... I have a line for $8000, $5000, $2000, and $700. The cards are Amazon, Ashley Homestore, US Bank, and Kohl's. The only one that charges interest if full balance isn't paid is the Kohl's card at $700. You're probably using some supremely shitty CCs. You know Mastercard, Discover or some shit? Nope. I've got the same Amazon card and I assure you there's interest if you make only the minimum payment. If you don't make the minimum payment, that's what we call "late" payment. The minimum payment is the minimum you need to pay to avoid defaulting. It is not the minimum to avoid interest. In order to not accrue any interest, you must pay off the full balance accrued during the previous billing cycle unless you have a special 0% interest financing offer which is never ever given out unconditionally. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:951190080] in Is it myth... [t:79319793]...</cite> <quote>Perascamin posted... </cite> <quote>I have a line for $8000, $5000, $2000, and $700. The cards are Amazon, Ashley Homestore, US Bank, and Kohl's. The only one that charges interest if full balance isn't paid is the Kohl's card at $700. You're probably using some supremely shitty CCs. You know Mastercard, Discover or some shit?</quote> Nope. I've got the same Amazon card and I assure you there's interest if you make only the minimum payment. If you don't make the minimum payment, that's what we call "late" payment. The minimum payment is the minimum you need to pay to avoid defaulting. It is not the minimum to avoid interest. In order to not accrue any interest, you must pay off the full balance accrued during the previous billing cycle unless you have a special 0% interest financing offer which is never ever given out unconditionally. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv</quote> ... Copied to Clipboard!
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