What would you do???
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What would you do???
| Wed, 11-23-2005 - 10:48am |
I have a Disney visa, which I have been using sporadically, and then paying off the balance at the end of each month. Well, this past month, because of a few unexpecteds on my trip to visit my Dad, i owe about $250. I can avoid finance charges by paying the balance at the end of the billing cycle, which was $123. I can only afford to pay half of that right now. However, I can take the money out of savings to cover it. (I will be using this card some druiring the holidays, too...I don't really expect to have it paid off until mid-February.)
Should i take money out of savings to cover the miniscule finance charges, or should I just accept this defeat for now?
Any advice would be welcomed. thanks, heather

Heather,
Just want to point out that while the finance charge may seem miniscule at the moment, when you do not pay the entire balance in full by the close of the business cycle, every purchase you put on the card after the close of the business cycle will begin to accrue daily finance charges until the card is paid in full.
All my best,
Danni
Sorry I'm posting late. I just came across your post.
Don't know if you decided what do already. However, i would take the money from savings and pay it off.
Just my two cents.
MYM
I also wanted to add to what Danni posted that even once you've paid it off most CC's will still charge finance charges from day of purchase for a couple of months.
I have the same card-it will be a Disney christmas for some of the folks here!
Taleyna