At the start of the year (in one of our many money saving moves), we switched B's credit card from the high rate of 20% to the lowest possible rate with the same bank of 13.49%.
Then I noticed (and mentioned it in some of my blog entries) that no interest was getting charged. I wasn't complaining trust me
Well last week we got a letter in the mail from the bank- we realised we made an error and did not charge any interest, as of this date you will be charged interest as per that particular credit card rate.
Thankfully they made no mention of back charging the interest, so I'm glad about that. And we got five months of no interest! I was able to include a couple of months in my challenge- I think around $120. So that's the end of that snowflake, I'm guessing monthly interest now will be around $35.
No more interest free period on B's CC
June 13th, 2015 at 03:10 am
June 13th, 2015 at 08:16 pm 1434226589
June 13th, 2015 at 11:13 pm 1434237199