CC payments
Date: Tue, 07/24/2012 - 15:28
I have an ideal and need to see if it will work and if so is the best way to do it.
I am paying over the minimum on my cc monthly bill but I would like to pay the extra in the middle of the month rather at the regular billing day. My thinking is by paying the extra in the middle by the time they calculate the interest for the month the balance they calculate on will be a bit less... I would pay the min due on the due date and the extra in the middle of the month.:confused::confused:
Does this make sense or not?
I am paying over the minimum on my cc monthly bill but I would like to pay the extra in the middle of the month rather at the regular billing day. My thinking is by paying the extra in the middle by the time they calculate the interest for the month the balance they calculate on will be a bit less... I would pay the min due on the due date and the extra in the middle of the month.:confused::confused:
Does this make sense or not?
It's going to come to this; the more you pay on the balance, the
It's going to come to this; the more you pay on the balance, the less interest you'll pay at the end of it all. Say you get your statement on the 23rd of each month; if you make your "middle of the month" payment on the 17th, you will pay less in interest than you would if you were paying your bill on your due date as the interest is assessed based on your statement balance.
Hope that helps.
Makes sense enough on pen and paper. Lets see how this works in
Makes sense enough on pen and paper. Lets see how this works in effect. Do keep us updated.
