richeventvladimir asked 5 years ago

So, my brain does not want to function at all today.


my other roommate is asking about balances, and for the life of me even though i know…i cant help.



Lets say you have a card with $ 1000 limit.


you charge 600 on it, and the day before your statement cuts you pay $ 500.00

leaving $ 100 balance. which reports.


The next day (start of your new cycle). you charge $ 400.00. putting you at $ 500 balance.

If you were to pay the $ 100 that you owed on the previous month, and say, not charged or paid anything on the $ 400 that was left. and a statement cut. NO interest would be charged, correct?

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