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I noticed a payment from my checking account to my credit card company for $44.26 and was wondering WFF?
After a lengthy phone call, it seems that when the resort hotel charged my account, and then refunded the same amount, that refund counted as a payment towards my statement balance, and it left just the $44.26 as the final necessary payment to keep the CC company happy. No interest paid, no issues, just my balance went up a lot with the charge hit for real after staying there a week.
So if I paid the minimum amount due, it will only take 26 years to pay it off!
If up the payment to just over $100 a month it pays off in 4 years. I have it set to pay statement balance, when due, as I have for decades. I will pay it off in one month, but I get to use their money for free for a month. Weird. I don't pay interest.
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Glen
49 Year member of the Porsche Club of America
1985 911 Carrera; 2017 Macan
1986 El Camino with Fuel Injected 350 Crate Engine
My Motto: I will never be too old to have a happy childhood!
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