When Does the 0% APR Credit Card Expire?
For each day that I miscalculate the date by, I'll have to pay either $22.20 or $36.75 in interest per day. Even that I really can't tell because there are two APRs stated (13.74% and 22.74%). Either way it is a hefty price.
With good intentions to pay off the balance before the interest accrues, the credit card companies make it really difficult to figure out. Ultimately, I decided to call because I really couldn't tell.
I asked when the 0% expired and American Express informed me that I had 0% through billing period ending December 2007. Yeah, I already knew that. When I pressed for a calendar date, he told me December 10 (my next closing date). When I confirmed that if I paid it on December 10, I wouldn't have to pay any interest, he stated, "To avoid any interest you need to pay it on December 9 by 11:59 pm. I didn't ask which time zone!
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