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!
Paying off a Credit Card 101
November 25th, 2012 at 07:53 pm
November 28th, 2012 at 02:11 am 1354068678
that's for sure. i'll make sure that they receive the last payments ahead of time from now on lol =P