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Credit Card

Top (10) Ten Things You Need To Know About Credit Cards

1. Interest Backdating

Nearly all credit card issuers charge interest from the day a charge is posted to your account if you don’t pay in full monthly. However some credit card companies charge interest from the date of purchase. THIS COULD BE DAYS BEFORE THE COMPANY HAS EVEN PAID THE STORE ON YOUR BEHALF!

Remedy: Find a credit card manufacturer that does not interest backdate or pay the bill in full on the due date.

2.Two-Cycle Billing

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