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Old Oct 8, 2002 | 10:39 am
  #10  
Mary2e
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[quote]<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Family flyer:
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Originally posted by Mary2e:


While this strategy ensures the monthly minimum is paid, it does not address the outstanding balance.

For example, if you have a balance on the 25th and your full payment is due the 20th, you will still have to pay a five-day finance charge on the balance.
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I've never been charged a finance fee. The minimum payment was made. I believe the rules state that if you don't make the minimum by the payment due date your account isn't subject to finance charges.

Mary




[This message has been edited by Mary2e (edited 10-08-2002).]
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