Do You Always Pay Your Credit Card In Full or Only The Minimum Amount Due?
By asereht1970
@asereht1970 (424)
Philippines
May 10, 2008 12:26am CST
I have a credit card. I don't use it very often, only when the need arises. When my bill is due, i only pay the PEP or the minimum amount required. I have noticed that most of my payments goes only for the interest. So now, when i have extra cash i pay above the minimum due since i can't pay the full amount. But i always try to pay it before the due date in order to free from late payment penalty.
2 people like this
2 responses
@Samanthavv (1380)
• United States
17 May 08
I used to only pay the minimum payment. Now, I'm trying to pay them off completely, because all I did was get myself into trouble with them and it sucks. I'm paying pretty much all of the extra cash I have towards my cards.
@scarlet_woman (23463)
• United States
10 May 08
i try to pay it in full..but it doesn't always work out that way.it depends largely on what the other bills for the month are,especially in winter.i hate interest paying too,you get nowhere that way.
