How do credit card payments work?
I need to pay 600$ for an expense on somethings. I plan on get a credit card to use to pay with it typically how do i go about in paying it back? Is their a payment plan or a deadline that gets set up or does every day that passes i get charged a fee for being negtive. I can pay the money back problem is i need the money for the upcoming week.
Answers
SumDude
Your first cc will not have a limit that high, and you would not get the card in time anyway. {processing and mailing is a couple weeks - IF you are approved.}
Erik
Every month you will have to pay the minimum payment, which is typically 1-2% of what you owe. If you keep a balance every month, you will be charged interest. For such a small balance, it will be very small, probably $10-15 per month. However, you say you need the money "for the upcoming week." Getting a credit card is not like ordering Chinese food for delivery. You have to apply, then wait for them to respond. The whole process usually takes several weeks, at least.
nt
Get back to us when you figure out the dollar sign goes before the number.
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