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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 9:56:10 PM #12: | So, essentially, when they come out next month and say "Minimum Payment Due $____" --- you should be paying off everything you spent. If you don't, interest will be charged. Interest isn't such a bad thing in the short term, though. Maybe you used the card for a big purchase you know you will need several months to pay off. It becomes really costly in the long term when you're routinely using the credit card to fund a lifestyle you can't afford (e.g. spending $500 a month on the card but only being able to pay $100 a month)---then getting another credit card and rinse and repeat. Don't do that. --- "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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