- Platinum Member
- Posts: 53
- Joined: Thu Nov 10, 2011 8:51 am
- Location: USA
I have a card with a 0% APR promotion that expires on February 1, 2015. I am a bit confused on when I need to have the balance paid off in order to avoid an interest charge on the balance. Here's the deal:
Let's say I have a $500 balance on my January 1, 2015 closeting date. I make a payment on my regular January 26, 2015 payment date of $250, leaving a balance. So if I don't have the remaining $250 paid off by the February 1, 2015 0% APR expiration date, will I get charged interest on the $250 or I am good as long as I have the balance paid off entirely by or on the February 26, 2015 due date?
Please help clear this up. Thanks.
Amex BCE (25K), Amex Costco (7K), Citi Forward (12K), Chase Disney (15k), Chase Freedom (18K), Chase Sapphire (8K), GE Capital Gap Visa (8K), US Bank Cash+ Visa (13K), Business: Chase Ink (17k), Not Used: BofA Royal Carib Visa (11K), Home Depot Store Card (5K)
Credit Score: 830