Hi, I am 18 years old and just got my first credit card. I am trying to build my credit and figured I would get a card that can get me cool rewards too. I got the Citi Forward Card and just make sure I understand exactly how it works.
I do not want to get charged interest for anything
I have a current balance on the card of $293.97. This includes money I have spent after my last statement.
So what I am thinking is that if I pay $64.44 by March 7th I will avoid interest charges. I don't have to pay the rest of the $293.97 until the next statement. Is that correct?
- Next Payment Due Mar. 7, 2012
- Next Statement Mar. 12, 2012
- $20 Minimum Payment
- My last statement was $64.44
Thanks for the help!