$0.35 interest?

iVillage Member
Registered: 04-10-2003
$0.35 interest?
1
Wed, 04-15-2009 - 9:27am

Okay I have a weird question.


I looked at my CC statement today (the last one I am working on taking down) and the interest charge on it was $0.35. Yup, thirty-five cents?


I don't understand how this is possile. The balance is around $1110.00. It started at $1400 for this statement and I added the recurring charges to it (cable, phone etc) so new purchases were around $400.00. I was able to pay off the entire $400 plus $300 to get it down to about $1100.00.


My interest rate is 5.97%. How is the interest charged only $0.35?


I'm NOT complaining, but I am worried that they will come back on me at some point? Has anyone every had this happen?


Bex -


"Yesterday is history, tomorrow is a mystery, today is a gift -thats why its called the present."


Bex -

iVillage Member
Registered: 03-07-2005
Wed, 04-15-2009 - 9:35am
I wonder if it has something to do how they applied payment.