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Credit Card - Limited time no interest question
Mai-Kero
Registered User regular
Registered User regular
So I have a few credit cards that I'm working on paying off, and one of them has a no interest thing that expires in december. It says that after it expires, if the card is not paid off, I'll be responsible for the interest in full. Originally it was $1500, but I'll be able to pay all of it off by december if necessary, by focusing my efforts on it instead of the other cards. There's another with a higher interest rate than what this one will turn into that I'd like to pay off first. My question is: does it mean interest will show up including what it would have been like all along for the year that I haven't had interest, or does it just start accruing after the no-interest period expires?
Mai-Kero on
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I can has cheezburger, yes?
Which interest? All that would have accrued previously if I had an interest rate before?
I can has cheezburger, yes?
Some cards only charge the last month's worth of interest.
Call up the company and ask, but chances are it's the entire year, so pay it off first.