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| Topic | I got my first credit card and I've been using it, but my statement says $0 due |
| Capn Circus 01/03/18 9:43:29 PM #11: | weapon_d00d816 posted... So basically I had spent $0 before Dec. 5 so I don't have to pay anything on Jan. 5 That seems to be the case. If they are saying you owe $0.00, then you owe $0.00 by __ date. However, be aware that they won't say you need to pay what you spent. They will calculate a minimum payment due based off of your spending and available credit line. For example, let's say your credit line is $5,000. You just continue to spend, and only pay the minimum every month, say $75 they charge. Eventually, your credit card will be maxed out. You have no available credit. And any further payments will essentially go to interest and it will take you 5+ years paying the minimum payment to pay the card off (without ever swiping it again) So you should make payments based off of what you actually spent versus what they say the minimum you owe is. --- "I think that man will be president right about the time when spaceships come down filled with dinosaurs in red capes" - Tom Hanks ... Copied to Clipboard! |
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