Comment on My credit union no longer allows me to payoff pending purchases made on my credit card

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whambawhomp@lemmy.world ⁨3⁩ ⁨days⁩ ago

All 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.

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