When paying off my credit card which is better: Pay $100 TWICE in the month or Pay one time for the month in the amt. of $200. Does it matter?
well, i do know that that the earlier you pay the bill the less interest accrues (because interest accrues daily based on the balance, so if the sooner you reduce the balance the less interest you will pay the following month). however, as long as you pay before the due date, either way will work. but if paying twice per month allows you to pay more towards the card, that is the wisest way to go.
I replied on your other thread. If the interest is computed on average daily balance, jenz is absolutely correct. If interest is computed on balance at the end of the period (not done much anymore, but it used to be) then it won't matter. I like the sig, jenz!
