- Centurion Member
- Posts: 379
- Joined: Thu Apr 26, 2012 3:15 pm
- Location: USA
This is the way I explain it to myself... lol that sounds weird.
Okay so my billing cycle ends on the 18th of every month and my bill gets emailed to me usually on the 22nd of the month. So lets say I get my bill on July 22nd. On the bill it says that my minimum payment is due like August 19th. So I have until July 22nd (the day I first got my bill) until like 5pm EST on August 19th(the day my bill is due) to pay with no interest accruing. So as long as I pay my bill in full before the 19th of August I will pay NO interest. If I pay on August 20th I will interest will be accrued.
Sorry if that made no sense but it makes total sense in my head
What time did you pay your bill? They say that you have to pay by a certain time on the day your bill is due. So it could have been you paid your bill on the 2nd, but you paid at like 6:30pm, but Chase's deadline is say 5pm EST and since you paid an hour and 30 mins late they charge you interest.
March 2011- Wellsfargo Cash Back College Card
May 2012- Chase Freedom
May 2012- Discover IT
August 2012- American Express Blue Cash Everyday