cuz it can snowball and you're spending money that isn't yours... unless it's an emergency, ppl are usually just charging unnecessary things...MusicBox wrote: ↑ Why is everybody so petrified of carrying a balance to next month and pay interest on it?
Lets see. If I carry a balance of 1,000 dollars to next month at 20% that would be $200 in a year. Divide that $200 ÷ by 12 months = about 18% or $18 dollars. Okay its a little stiff I will admit but if its an emergency carryover its not that bad as long as you dont make it a habit every month.
I do have a LOC unsecure BTW with BMO. Im going to ask how I can link that to my BMO mastercard.
and 20% interest is terrible... look for other options aka loc