- Centurion Member
- Posts: 1361
- Joined: Tue Jun 28, 2011 10:13 pm
- Location: New York state
my 1 year is up in 1 month on my premium green card. If American express has no promotions on the gold rewards card I was thinking of this. I'm looking into the clear or blue cash the card with no annual fee. I believe American express is running 0% interest for the first six to 12 months.
let's say I use the clear card I charge 124.00 1 month and 136 another month and 100 the third month, let's say the minimum monthly payment is 15.00, I only pay 15.00 the next month. is there any interest?
I know if the interest rate is 17.24 and you charge 124.00, you make a minimum payment of 15.00. You owe the 109 times the 17.24 plus the 136.00 but if it's 0% interest shouldn't there be 0% interest until the 6 months or 1 year comes up? And If I decided to keep the Clear or Blue Cash and let's say the 5th month I charge 117.00, I know the interest rate will be 19.31 If I decided to keep the card. I guess I would then owe 102.00 times 19.31 plus my new monthly charges. but what about 0% interest?