Why am I never getting charged interest on my credit cards?
Let’s learn why am I never getting charged interest on my credit cards. The most accurate or helpful solution is served by Yahoo! Answers.
There are ten answers to this question.
Best solution
Okay so I'll admit I don't really know how interest on credit cards work, so maybe I just don't understand what's going on. But I have three credit cards, all with varying interest rates. I always pay at least the minimum payment and always pay on time. I usually leave a $5-$15 balance, never leaving a $0 balance. I'm just trying to figure out why I am never charged interest. One of the cards has a 13.99% rate, one is 17.99%, and the other is 21.99% (I'm only 20 years old, that's why the rates are...
Answer:
Why on earth would you leave a balance on $5-$15? I have no idea why they aren't charging interest....
Mike-Q at Yahoo! Answers Mark as irrelevant Undo
Other solutions
I tried googling it but i keept getting muddled answers. Can anyone explain what interest rates on credit cards are? AND: If i pay the balance of the credit card ON TIME and EVERY MONTH, will I ever have to pay any money beyond what I charged to the...
Answer:
If you pay a credit card in full each month when you get the bill, you never pay interest. That's all...
Lizz L at Yahoo! Answers Mark as irrelevant Undo
I will be paying off my bill in FULL each month, so I will not be charged any interest. I have been eyeing up some airmiles credit cards - like the BMI mastercard and the Virgin Atlantic credit card, but are they as good as they sound? I know you get...
Answer:
The biggest catch tends to be the huge annual fee. There are usually fees for using your miles and you...
bobby t at Yahoo! Answers Mark as irrelevant Undo
Well I'm thinking of getting a Credit Card from Best Buy (For the 18months to pay offer without interest) so I can buy a Canon 5DmrkII BUT I don't know how credit cards work exactly (I'm not sure I'll even get the card) If i own this card will I have...
Answer:
Credit cards are good to have if you ever decide on asking the bank to loan you the money. For 18 months...
Imp at Yahoo! Answers Mark as irrelevant Undo
Okay, I seem a bit confused and I'm not getting straightforward answers by searching online, so I'll try to explain as best as I can. If I were to get a credit card that said it has an Intro APR of 0% for 6 months, and an APR of 13.99%, does that mean...
brillian... at Yahoo! Answers Mark as irrelevant Undo
I was just wondering how interest rates get lowered on credit cards? Why do some people have lower interest rates, and some have higher? I understand the whole difference between credit scores and that some people have better credit than others. But...
Answer:
I'm in the same situation. Here is what I found out. Recently I called one of my credit card companies...
sls.spec at Yahoo! Answers Mark as irrelevant Undo
I am a little curious as to why I get denied. I am 21 years old and I am trying to establish credit, and steadily build upon it. Because of this I have attempted to get a second True credit card.(explained below) To my surprise, I have been declined...
Will at Yahoo! Answers Mark as irrelevant Undo
Does getting credit counseling hurt your credit rating??? The places where they lower your interest ..ETC... I am in debt and I am sick of it. I have not gotten anywhere the last few years with my debt the way Im paying them. I also do not want to go...
Answer:
A friend of mine did this. He thought it was great because his payments went down. Then he found out...
oscar545... at Yahoo! Answers Mark as irrelevant Undo
What is Purchase Interest and Cash Interest on Credit Cards? I'm still confused why I do get charged on Purchase and Cash Interest on my credit Card? I'm paying b4 the due ...show more
Answer:
When you buy an item using credit cards from a store and you make the payment in time no interest will...
6ACIAH4KRPRKWWMDWZDIRYHZY4 at Yahoo! Answers Mark as irrelevant Undo
If you are charged $10 one month for interest for a balance of $1000 and don't pay anything you will get charged next month for a balance of $1010. It just keeps building like that... How come mortgages are set up differently? For example, if I take...
Answer:
Both accounts charge interest based on the balance. If you didn't make the mortgage payment, you would...
Stephen T at Yahoo! Answers Mark as irrelevant Undo
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