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Topic Pay monthly charge, APR
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By Rainbow12
On 06/27/01
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If you pay your monthly statement, then the APR doesn't matter, right? If I buy something and I pay for it at the end of the month, then I only pay the amount I made for the purchase, right? The APR in a way is like the interest that is charged to you if you have a balance, right? Please help.
Thanks!
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By matty61184
On 06/27/01
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Correct, IF you have a grace period, and you paid the balance last billing period in full. If you don't have a grace period, interest charges will accrue immediately when the transaction posts to your account.
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By The_Insider
On 06/29/01
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Actually, the interest accrues even with a grace period, but it's just not assessed to the account if you pay in full.
The_Insider
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your questions are answered by the gromco team and card users like you
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