Sharing Daily Discoveries About Personal Finance And Business Topics

Paying The Whole Credit Card Balance Before It Gets Posted

business and finance

It’s close to my monthly credit card cut off date in terms of a monthly balance. While usually it’s no big deal as I would simply get the bill and pay it off in full, this time I made a purchase where the sale may or may not get post by the cut off date. At the same time this date falls under a time where the bank doesn’t process any fund transactions. So therefore I pretty much have to put in the amount of credit into the card that I anticipate to be charged where it’s almost like I used cash for the purchase.

I know for a lot of people this is strange as the idea of a credit card is to use it and not worry till way later. For myself I would rather not risk paying even an extra cent of interest. If anything it’s more about not wanting to develop a bad habit where somehow a balance on your credit card translates into a debt you can hold off on.

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