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I Hate the Way Credit Card Companies Charge Interest
By JLP | April 19, 2006
I announced last month that we paid off our two credit cards. Well, at least I THOUGHT I paid them off. I received a statement for one of the cards today. It appears I owe an additional $2.54 because the 0% intro rate had expired and my average daily balance was $373.66. For some reason, I thought that if you paid the balance off during the month, the interest charges ceased. WRONG!
Oh well, overall I did pretty well. Over the last year, I think they got one late payment from me and $2.54 in interest. They housed my debt for a year and made $37.54 from it. Not too bad, if you ask me. I’m happy to not have any more credit card debt. It also pleases me to know that they won’t be getting ANY MORE OF OUR MONEY!
Topics: Credit Cards |
