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Paying off a Credit Card 101

November 25th, 2012 at 07:53 pm

Ok, so today's valuable lesson in paying off a credit card is pay BEFORE the due date!!

My card had a $653.30 @ 17.99% which was due on the 22 Nov 2012. What I did was just tell the automatic payment to pay in full instead of the minimum which it did do.

The only thing is that I got charged interest fees because of the interest accrued on that amount. It was only $8.72 but still, if I had known that I would be charged interest when they gave me a balance of $653.30 then I would have accounted for that when I paid the bill!

So yeah, I just went on ahead and paid it. It only takes one time for me to learn a mistake like that.

So this means that when I pay off the next credit card that it'll be well BEFORE the due date! That will save me another $10 for sure!! AGH!

2 Responses to “Paying off a Credit Card 101”

  1. Jerry Says:
    1353941253

    It is so annoying when the CC companies do stuff like that, but I am glad that it will lead you to an earlier payoff from now on! You only need one experience like that to have some insurance of not wanting it to occur again. Good luck in paying those debts off...
    Jerry

  2. Sian Says:
    1354068678

    thanks!

    that's for sure. i'll make sure that they receive the last payments ahead of time from now on lol =P

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