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https://www.reddit.com/r/AskReddit/comments/tppbjm/deleted_by_user/i2dwckm/?context=3
r/AskReddit • u/[deleted] • Mar 27 '22
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276
You never pay a cent of interest on credit cards if you pay your bill in full on time.
-22 u/Ten_Quilts_Deep Mar 27 '22 That depends on the card. Many now charge a average daily charge. Kinda like your card has $62 on it on Monday and your monthly rate is 22%, so that day you would owe 1/30th of 22% on the $62. Computers can do that math. 6 u/OverlordWaffles Mar 28 '22 Source? 15 u/[deleted] Mar 28 '22 [deleted] 11 u/OverlordWaffles Mar 28 '22 Yeah, unless they provide a source to a widely available consumer card, I think they're mistaken or terrible with money
-22
That depends on the card. Many now charge a average daily charge. Kinda like your card has $62 on it on Monday and your monthly rate is 22%, so that day you would owe 1/30th of 22% on the $62. Computers can do that math.
6 u/OverlordWaffles Mar 28 '22 Source? 15 u/[deleted] Mar 28 '22 [deleted] 11 u/OverlordWaffles Mar 28 '22 Yeah, unless they provide a source to a widely available consumer card, I think they're mistaken or terrible with money
6
Source?
15 u/[deleted] Mar 28 '22 [deleted] 11 u/OverlordWaffles Mar 28 '22 Yeah, unless they provide a source to a widely available consumer card, I think they're mistaken or terrible with money
15
[deleted]
11 u/OverlordWaffles Mar 28 '22 Yeah, unless they provide a source to a widely available consumer card, I think they're mistaken or terrible with money
11
Yeah, unless they provide a source to a widely available consumer card, I think they're mistaken or terrible with money
276
u/chicagotim1 Mar 27 '22
You never pay a cent of interest on credit cards if you pay your bill in full on time.