Comments on: Credit Card Balance: Make Payments or Pay in Full? http://ptmoney.com/credit-card-balance-make-payments-or-pay-in-full/ Real Personal Finance for a Life Without Limits! Mon, 13 Feb 2012 04:01:03 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Philip Taylorhttp://ptmoney.com/credit-card-balance-make-payments-or-pay-in-full/comment-page-1/#comment-31676 Philip Taylor Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/2008/03/03/credit-card-balance-make-payments-or-pay-in-full/#comment-31676 It's my understanding that most credit card companies have terms that dictate that they ZOOM all those fees. I'd get on the phone quick with them and find out. Most likely you'll need to pay it off asap. It’s my understanding that most credit card companies have terms that dictate that they ZOOM all those fees. I’d get on the phone quick with them and find out. Most likely you’ll need to pay it off asap.

]]> By: Philip Taylorhttp://ptmoney.com/credit-card-balance-make-payments-or-pay-in-full/comment-page-1/#comment-30112 Philip Taylor Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/2008/03/03/credit-card-balance-make-payments-or-pay-in-full/#comment-30112 Yes, you can pay it all off. They will not charge additional charges. Yes, you can pay it all off. They will not charge additional charges.

]]> By: BabBabsonhttp://ptmoney.com/credit-card-balance-make-payments-or-pay-in-full/comment-page-1/#comment-29857 BabBabson Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/2008/03/03/credit-card-balance-make-payments-or-pay-in-full/#comment-29857 Chase doesn't appear to be interested in helping their credit card customers pay off their credit cards. They offer only two choices under their auto pay system: pay the minimum or pay the full balance. All of my other credit cards let me set up an auto pay for: the minimum, a set amount or the minimum plus a set amount, or the full balance every month. The only way to make a payment of more than the minimum is to log in every month and manually send them money. It seems an obstructive stance. Chase doesn’t appear to be interested in helping their credit card customers pay off their credit cards. They offer only two choices under their auto pay system: pay the minimum or pay the full balance. All of my other credit cards let me set up an auto pay for: the minimum, a set amount or the minimum plus a set amount, or the full balance every month. The only way to make a payment of more than the minimum is to log in every month and manually send them money. It seems an obstructive stance.

]]> By: 808lovehttp://ptmoney.com/credit-card-balance-make-payments-or-pay-in-full/comment-page-1/#comment-21916 808love Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/2008/03/03/credit-card-balance-make-payments-or-pay-in-full/#comment-21916 I have a credit card from my bank a limit of $500 and last week and i only have a balance of $42.00. i messed up! Can I pay a little bit more added to my monthy payment to get that money back up again. I am not going to use it like i did. I just read the do's and don'ts!! can you please tell me what to do? I can even just put the $500 back in there, what do you think i should do:( I have a credit card from my bank a limit of $500 and last week and i only have a balance of $42.00. i messed up! Can I pay a little bit more added to my monthy payment to get that money back up again. I am not going to use it like i did. I just read the do’s and don’ts!! can you please tell me what to do? I can even just put the $500 back in there, what do you think i should do:(

]]> By: Doris Zuessmanhttp://ptmoney.com/credit-card-balance-make-payments-or-pay-in-full/comment-page-1/#comment-19944 Doris Zuessman Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/2008/03/03/credit-card-balance-make-payments-or-pay-in-full/#comment-19944 If you have a credit card and want to pay off the balance of the credit card in full. and you do not need the credit card anymore you want to close out the credit card. Tear it up and do not use it anymore, wil they still charge me extra fees like interest etc. after I close the account out and do not use it anymore.. If you have a credit card and want to pay off the balance of the credit card in full. and you do not need the credit card anymore you want to close out the credit card. Tear it up and do not use it anymore, wil they still charge me extra fees like interest etc. after I close the account out and do not use it anymore..

]]> By: Philip Taylorhttp://ptmoney.com/credit-card-balance-make-payments-or-pay-in-full/comment-page-1/#comment-18132 Philip Taylor Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/2008/03/03/credit-card-balance-make-payments-or-pay-in-full/#comment-18132 That is incorrect. You are only charged interest on the amount of outstanding debt at the end of the month. Pay as much as possible. That is incorrect. You are only charged interest on the amount of outstanding debt at the end of the month. Pay as much as possible.

]]> By: nsx04http://ptmoney.com/credit-card-balance-make-payments-or-pay-in-full/comment-page-1/#comment-18129 nsx04 Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/2008/03/03/credit-card-balance-make-payments-or-pay-in-full/#comment-18129 well what about this....i heard that credit cards charges interests in full even of you pay off part of the debt. if that is the case, wouldn't then it be smart to just pay minimum until i have the means to pay it in full? i'm asking that because i'm a few hundred short of the full balance at the moment before my due date. I will have funds the next month to cover it all though. so am i right to just pay minimum for this month? well what about this….i heard that credit cards charges interests in full even of you pay off part of the debt. if that is the case, wouldn’t then it be smart to just pay minimum until i have the means to pay it in full? i’m asking that because i’m a few hundred short of the full balance at the moment before my due date. I will have funds the next month to cover it all though. so am i right to just pay minimum for this month?

]]> By: PThttp://ptmoney.com/credit-card-balance-make-payments-or-pay-in-full/comment-page-1/#comment-5834 PT Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/2008/03/03/credit-card-balance-make-payments-or-pay-in-full/#comment-5834 @Bob - because you are paying interest, and typically things purchased with credit cards are things you should just buy with cash you have. if you don't have the money to pay for it now, or pay it all off when your cc bill arrives then don't use credit cards. you're just making the cc companies rich. @Bob – because you are paying interest, and typically things purchased with credit cards are things you should just buy with cash you have. if you don’t have the money to pay for it now, or pay it all off when your cc bill arrives then don’t use credit cards. you’re just making the cc companies rich.

]]> By: Bob Marley is my hero (:http://ptmoney.com/credit-card-balance-make-payments-or-pay-in-full/comment-page-1/#comment-5830 Bob Marley is my hero (: Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/2008/03/03/credit-card-balance-make-payments-or-pay-in-full/#comment-5830 Why is paying the minimum balance on a credit card a bad idea? Why is paying the minimum balance on a credit card a bad idea?

]]> By: PThttp://ptmoney.com/credit-card-balance-make-payments-or-pay-in-full/comment-page-1/#comment-3815 PT Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/2008/03/03/credit-card-balance-make-payments-or-pay-in-full/#comment-3815 @Misty - It's always more beneficial for you to pay off the entire credit card balance every month. This improves your available balance ratio (credit used / credit available), and still shows you can make consistent payments.There is no reward in the credit scoring system for carrying a balance. Carrying a balance only means you're paying interest charges. @Misty – It’s always more beneficial for you to pay off the entire credit card balance every month. This improves your available balance ratio (credit used / credit available), and still shows you can make consistent payments.

There is no reward in the credit scoring system for carrying a balance. Carrying a balance only means you’re paying interest charges.

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