Your Billing Cycle Costs You Money!

Your credit card billing cycle doesn’t just dictate when payments are due; it’s the sneaky date that could cost you hundreds! Most of you don’t realize that if you rack up charges right before your statement closes, you could be hit with interest charges that could skyrocket your debt. Let’s break it down: if your statement closes on the 15th and you spend $1,000 that day, you’re paying interest on it for a whole extra month if you don’t pay it off. That’s around $205 in interest at an average 20.5% APR! So, stay sharp and pay attention to that cycle! Stop letting the banks trick you into paying more. Know your billing dates and take control of your finances!