Money card wrote:i bought a condominium in 2002, I always paid my bill in full which at that time was a Chase platinum and a Discover card.
Had I paid intrest the Mortage company could have denied me a loan.
paying 75.00 on a 5,000 card limit with intrest of 1-10% the Mortage lender wouldn't approve his loan if this person does this all the time.
How would the mortgage company know if you paid interest on your credit card unless you told them? (Unless it is the same bank) Your credit report shows your credit limit, your statement balance, and your highest balance. Experian also shows a history of balances. Nowhere does it show your interest rate or whether your balance is from new purchases or carried over.