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Topic	I got my first credit card and I've been using it, but my statement says $0 due
_BIueMonk 01/03/18 9:30:38 PM #8:	the way statements work are like this. they give you a time frame. for simplicities sake, let's say 1-30th. during that time you make purchases. say, 500 dollars. after the 30th, they will send you a bill, or a statement. you owe us 500 dollars for spending between the 1-30th. you have until the 25th to pay it.". meanwhile, you're free to spend more money, but they will only seek that 500 dollars before hand. so say you don't pay right away. you spend 250 dollars. on their website, or your own tracking, youll think "i owe them 750 dollars". which is true, but since they haven't sent you a statement yet, they're only looking for that 500 dollars. so you pay the 500 dollars. you get a new statement after the next 30th, for only 250 dollars. in your case TC, the statement probably hit due to their own internal calendar of how they make statement dates before you made any purchases, or before they cleared. so it's telling the truth. they're only going to want that $0 on whatever due date they listed. HOWEVER make it a good habit to pay credit cards on your own schedule. some like to do it weekly, i do it monthly. so you can have a "negative statement" ie, you're prepaying. they're not going to get mad at you for giving them more money than you need to lol. well. i mean, granted its not tens of thousands of dollars.. but i dont think you're doing that. just be careful a statement doesnt hit, and you dont pay it back in time cuz of your own schedule. AND DONT PAY INTEREST! WELCOME TO THE WILD WORLD OF CREDIT CARDS! what credit card is it? does it earn rewards? --- NO SANA NO LIFE <cite>_BIueMonk posted [p:893380197] in I got my f... [t:76165964]...</cite> <quote>the way statements work are like this. they give you a time frame. for simplicities sake, let's say 1-30th. during that time you make purchases. say, 500 dollars. after the 30th, they will send you a bill, or a statement. you owe us 500 dollars for spending between the 1-30th. you have until the 25th to pay it.". meanwhile, you're free to spend more money, but they will only seek that 500 dollars before hand. so say you don't pay right away. you spend 250 dollars. on their website, or your own tracking, youll think "i owe them 750 dollars". which is true, but since they haven't sent you a statement yet, they're only looking for that 500 dollars. so you pay the 500 dollars. you get a new statement after the next 30th, for only 250 dollars. in your case TC, the statement probably hit due to their own internal calendar of how they make statement dates before you made any purchases, or before they cleared. so it's telling the truth. they're only going to want that $0 on whatever due date they listed. HOWEVER make it a good habit to pay credit cards on your own schedule. some like to do it weekly, i do it monthly. so you can have a "negative statement" ie, you're prepaying. they're not going to get mad at you for giving them more money than you need to lol. well. i mean, granted its not tens of thousands of dollars.. but i dont think you're doing that. just be careful a statement doesnt hit, and you dont pay it back in time cuz of your own schedule. AND DONT PAY INTEREST! WELCOME TO THE WILD WORLD OF CREDIT CARDS! what credit card is it? does it earn rewards? --- NO SANA NO LIFE</quote> ... Copied to Clipboard!
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