$0.35 interest?
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$0.35 interest?
| 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?
Signatures On
| Wed, 04-15-2009 - 9:35am |
I wonder if it has something to do how they applied payment.



