question about credit card interest
Let's say your credit card statement comes due on July 21, but you miss paying until July 31. So you get charged interest for those 10 days.
My question is, since you paid everything in full on July 31, why do you get charged additional interest on your next statement, which is due on Aug 21? Does it have to do with additional items being purchased between July 21 and Aug 21? Is there a way to avoid that second interest hit?
My question is, since you paid everything in full on July 31, why do you get charged additional interest on your next statement, which is due on Aug 21? Does it have to do with additional items being purchased between July 21 and Aug 21? Is there a way to avoid that second interest hit?