Applied for one not too long ago, and the bank teller was too pushy (have made a mental note to not deal with her ever again). So say my card has 19.99% interest, it's only applied to money that as yet to be paid back, right? It's not tacked onto the payment automatically like HST is? Yes I know it's a stupid question but the teller wanted me to get the hell out...
if you make a cash advance or make a cash advance like transaction then the interest will be accumulating right away.
for your regular purchases you have a grace period so when u get your statement within that period you can pay everything off by the due due and there won't be any interest on that.
if you just make your minimum payment and there's still a balance then u could get hit with that interest once you bought it, fair enough?
the way interest works is that it's calculated daily it's not really tacked on like tax.
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