Whats

Discussion in 'Credit Talk' started by lbrown59, Dec 23, 2001.

  1. lbrown59

    lbrown59 Well-Known Member

    What is the difference between advance payments and early payments?
     
  2. GEORGE

    GEORGE Well-Known Member

    If you have a card that allows advance payments...

    BILL DUE $100.00...YOU PAY $200.00...THE NEXT MONTHS BILL WILL SAY $0.00 MINIMUM DUE (ASSUMING YOU CHARGE NOTHING).

    If your bill is due 01/23/02 and you pay 01/02/02...all you save is interest...

    If you pay too early, you "MAY" get hit with a LATE FEE if it is credited to the prior months bill...
     

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