Found out that my card lets me pay the current balance +7.5% of that current

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May 17, 2019
8:04:57am

Dakota Cougar All-American

Found out that my card lets me pay the current balance +7.5% of that current

balance. Thanks for your help everyone.

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Dakota Cougar

New username: Twitch Chatter
Bio page: Dakota Cougar
Joined: Oct 30, 2005
Last login: Aug 5, 2021
Total posts: 0 (0 FO)

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Messages

Author

Time

Dumb question here.

5/17/19 7:38am

That works fine.

Mister P

5/17/19 7:39am

I should mention it may not work if your checking account and credit card are

Mister P

5/17/19 7:40am

Thanks for your response, that's not the case here.

5/17/19 7:46am

Are you mailing in your payment? Each online credit card payment system I have

Ute in DC

5/17/19 7:44am

No, I was planning on paying online.

5/17/19 7:45am

Give it a try. It probably depends on your credit card company. The worst that

Ute in DC

5/17/19 7:52am

Both my card co. let me choose minimum, statement balance, or current balance

Florwood

5/17/19 9:14am

I assume you were paying using the credit cards online

Mister P

5/17/19 7:51am

<< Deleted >>

5/17/19 7:46am

Put in the amount, it will reject it if your card company doesn’t allow it.

gww687

5/17/19 7:47am

On a related note, it helps me a lot to pay me CC balances on the 1st each month

5/17/19 7:49am

Why is that?

JuicyJam

5/17/19 7:55am

Makes it easier to budget and track my spending throughout the month.

5/17/19 8:19am

I track things in Mint/Personal Capital pretty religiously. It helps with that.

5/17/19 8:24am

I’m not sure it will let you but if it does it’s no problem

KSwiss

5/17/19 7:54am

Doing it wrong. You don't get charged interest unless you carry a balance

LaserCoug

5/17/19 7:58am

I generally just pay my cards off when I get paid on my pay dates.

5/17/19 8:04am

I think he is making an economics "rational actor" argument.

Ute in DC

5/17/19 8:11am

I just set mine to autopay when they are due. Then your money is earning

LaserCoug

5/17/19 8:11am

Got it. I see what you're saying.

5/17/19 8:13am

Found out that my card lets me pay the current balance +7.5% of that current

5/17/19 8:04am

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