Is this right?

For just about anything you want to get off your chest about credit cards.
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Location: chicago

Postby paparoach429 » Tue Jul 16, 2013 1:41 am

So basically the CSP doesn't calculate interest like most other cards? I know on my Forward the interest is only calculated on the balance that is carried.

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Postby mattymatt808 » Tue Jul 16, 2013 7:23 am

Robrus1 wrote:OK just so we're clear, when you say entire balance, do you mean entire statement balance or entire balance including charges made after the statement cuts? The reason I ask is I spent quite a bit on my CSP while on vacation in Europe a few weeks ago. My balance is pretty high and on Friday I'll be paying in full for all posted charges, but there could still be pending charges I make between now and Friday. I don't want to be charged any interest so if I need to not use it for the rest of the week to make sure there are no pending charges and bring the balance down to a true zero, then I'll do so. I have a feeling it's probabaly just the statement balance but I just want to make sure. Thanks.

You don't have to prepay down your balance to actually report a zero for the cycle. It's just a matter of paying the entire amount that is on the statement at the end of the cycle.
$2500 First Hawaiian Bank (6/10)
$4500 CHASE Freedom (2/13)
$3500 Citi Forward (2/13)
$2000 Discover it (2/13)
$9600 AMEX BCE (3/13)
$10000 CHASE Sapphire Preferred (7/13)
$5000 CHASE Ink Plus (8/13)

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