Interest charges.

I have setup auto monthly payment at the end of month, why my card still get interest charges?

Posted on Jan 2, 2023 5:06 AM

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Posted on Jan 2, 2023 5:46 AM

If you do not pay the balance due each month in full, you will then have interest accrue on your outstanding charges. For example, if your balance due for December 31 was $200, with a minimum payment due of $50, and you pay $125 that month, you did not pay off the balance due. Yes, you paid more than the minimum but not the whole amount due. Therefore, interest is now charged.

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Question marked as Top-ranking reply

Jan 2, 2023 5:46 AM in response to Tsaigon

If you do not pay the balance due each month in full, you will then have interest accrue on your outstanding charges. For example, if your balance due for December 31 was $200, with a minimum payment due of $50, and you pay $125 that month, you did not pay off the balance due. Yes, you paid more than the minimum but not the whole amount due. Therefore, interest is now charged.

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Interest charges.

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