Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
dobbysocks1989

1 Contribution
0 People Helped
how does amazon visa reward card charge interest?
hello, i was approved for amazon visa reward card, and before i even so much as touch it i reread the credit agreement and read some customer reviews. how often do you get charged interest? i have a capital one already, good standing, and the only time i am charged interest is at the bill cycle. i have read that some say you get charged interest at the cycle date, but any remaning balance afterwards is charged daily? seems crazy! example: i make 100 purchase on the 1st, payment due by the 10th, i pay 75. would the 25 balance be charged interest just once, or or every day until paid in full? thanks in advance for the help!(and yes i tried calling, could barely understand the guy)

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7368 Contributions
3809 People Helped

I have no problem with the Amazon card because it is through Chase Manhattan Bank and bills like every other credit card I have--once a month.  Works out just fine since I receive my pension once a month so can be sure of getting the payment in by the due date. 

Reply by
dobbysocks1989

1 Contribution
0 People Helped

so just like my capital one? inteerest once per billing? i know younger people who have never had a credit card before dont know how it works, but after reading some bad reviews,  i wanted to ask other people who had one.thank you

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.