Not exact matches
I do have
credit cards, but I
pay my
balances completely off every
month.
The ultimate is to become a deadbeat, which is what
credit card companies call people who
pay off their
balance every
month, avoiding finance charges
completely.
In this same example of # 3,000 debt, if you
paid # 100 a
month off your
credit card balance, you would
pay it
off completely in 44
months, making total repayments of # 4,338.
I started with a
balance of about $ 2,500 on my
credit card, and
completely paid it
off within just a couple of
months.
If you end up purchasing something with the Barneys Store
Credit Card we recommend you
pay off your
balance completely at the end of the
month, in order to avoid needlessly
paying high interest.