Does any of that jizz matter if I always pay it off on time?
In: 8
If you pay the statement balance or the total balance by the due date will pay no finance charge (those percentages).
This is on all credit cards. The other answers were not quite clear.
If you charge 75 to your card at 12% and only pay 25 (the minimum) by the due date. You will be charged 1% on the remaining balance, $.50. Now many cards have a min finance charge of $1. So that would be added to your bill.
But as long as you pay at least the statement balance, you will pay nothing more.
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