Comment on My credit union no longer allows me to payoff pending purchases made on my credit card
whambawhomp@lemmy.world 10 months 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 10 months ago
No, not on balances immediately after the time of purchase, but on balances that remains unpaid after a starement’s due date.