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Old 09-01-2008, 04:37 AM
Ainz Ainz is offline
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Join Date: Sep 2008
Location: WA
Posts: 1
Default Paying Credit Card 2 times per cycle

Hi all,
I stumbled across the forum in search of an answer.

With regards to the APR and paying off a credit card, what would be the difference in paying $250 twice a month vs paying $500 once a month?

I imagine the only difference is that in the end you are paying more in interest by making smaller payments twice, but would it get paid off in roughly the same amount of time?

I guess I'm having a hard time understanding how the APR is calculated.

Can anyone shed some light?

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Old 10-04-2008, 02:20 PM
sahota7 sahota7 is offline
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Join Date: Sep 2008
Location: London + United Kingdom
Posts: 37
Default Re: Paying Credit Card 2 times per cycle

If you pay 250 at the start of the month it will cost you less interest than having to pay it at the end of the month.
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