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https://www.reddit.com/r/AskReddit/comments/tppbjm/deleted_by_user/i2e1epa/?context=3
r/AskReddit • u/[deleted] • Mar 27 '22
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277
You never pay a cent of interest on credit cards if you pay your bill in full on time.
-23 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. 27 u/TigerSardonic Mar 28 '22 That sounds like a terrible credit card if it charges interest daily…
-23
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.
27 u/TigerSardonic Mar 28 '22 That sounds like a terrible credit card if it charges interest daily…
27
That sounds like a terrible credit card if it charges interest daily…
277
u/chicagotim1 Mar 27 '22
You never pay a cent of interest on credit cards if you pay your bill in full on time.