Summer
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Either way will be fine. As long as your payment posts by the due day, there is no interest accrued.
Credit card companies report every 30days to credit bureau. It will show that "pay as agreed" on your report.
About the rewards points, if you returned the merchandise, it will subtract the points on the account. Depends on the card, worldpoints expire every 5 years. |
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Geaux LSU Tigers!!!
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With most cards, if you pay by the due date there is no interest. |
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Frodo59
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Wait until you get the statement, then pay it off before the due date. You will not be charged interest if you do so. "hinder"? no.
*** |
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bdancer222
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Wait for the statement and pay the balance in full. You won't be charged interest if you pay in full and it will make for much easier record keeping.
Credit cards only report to the credit bureaus if you paid on time or late, not the payment amount or if you carry a balance or not. |
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gldjns
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I would suggest waiting for the statement in order to get proper credit, because it will have your account number, and the date and place of purchase, as well as the amount owed. You won't be charged any interest as long as you pay the full amount on or before the due date on your statement. It will not hinder how it will be reported by paying in full each month. In fact, it will greatly enhance your credit rating now and for future extensions of credit. Good luck! |
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auskan2002
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If you pay before the due date, it will still be reported as "paid on time". There is no problem with doing what you suggest but if your money is in an account earning interest, you are better off leaving it there and paying your credit card off ON the day it is due to get the maximum interest on your savings without paying interest on your credit card. |
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Camilla the First
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My darling please do not get carried away they are dangerous bits of plastic - very. If you can afford to payfor it why use a c.c. you may forget to pay it and incur huge interest of late payment over the limit payments. Just please, don't do it. I got in the shiite and the most worrying time of my life and still paying them off. |
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beauty s
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Pay before the due date... |
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S T
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The best way is to pay the bill in full each month. This usually
prevents any interest accruing on the charges. Some credit
card companies now bill on a 20 day cycle so be sure to check your card company. |
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tiger1943
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You can pay it off right away to save interest. The statement at the end of the month will show zero balence due. |
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enter name
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wait for statement->pay full |
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aceyducey
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Pay as soon as you get the statement. That way you aren't charged interest and won't get a late fee. shouldn't interfer with you points. |
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Girl In the South
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if you pay it off immediately you won't get charged interest and get to keep the points. it's a win win! |
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Sreeni
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If U have cash to pay off, set up autopay on the due date for the entire balance with ur Bank/Credit Union.
that way, U dont have to worry about scheduling to pay the credit cards. |
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What the...?!?
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You should wait until you received your statement before making payments. In addition, I highly recommend you pay the full amount and not only the minimum payment amount. Banks make a lot of money from their credit card department. If you don't pay the full amount, they will charge you interest on both the remaining balance and next month's charges. Intereset rates can be astronomical. For example, my credit card charges 16% interests. Some credit cards charges as much as 35%. You must pay the balance by the due date, which appears on your statement. You will be charged interest if your payment is received after the due date. If paying by mail, mail your payment at least 1 week before the due date. |
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kevin friend
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pay it off in full as soon as the statement comes in and there is no interest, interest occurs from money that is left over from the previous statement |
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Teddy's Mom
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I pay on line just about as soon as it posts. I hate having debt but I also want the cash back. As long as you pay by the due date it will be great. |
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lmora@prodigy.net
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Pay it as soon as you can. |
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