Comment on My credit union no longer allows me to payoff pending purchases made on my credit card
whambawhomp@lemmy.world 3 days agoAll cards calculate interest per day. That’s the standard formula. They only charge you the sum interest at the end of the month when your billing cycle ends.
nerdwallet.com/…/how-is-credit-card-interest-calc…
This becomes apparent if you’ve ever paid a card off really early, and then still been charged interest even though you’ve had a zero balance one or two weeks before the billing cycle ended.
SpaceNoodle@lemmy.world 3 days ago
No, not on balances immediately after the time of purchase, but on balances that remains unpaid after a starement’s due date.