Quote:
Originally Posted by Saul Good
Maybe I'm reading this wrong, but it looks like you had a $2364 balance from last month.
Do you cash out stocks every month to pay your credit card bill, or do you pay out of your checking account? Assuming that you pay out of your checking account, I don't see where you are making any money on the float.
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The $2,364 was the statement balance. Unless you aren't using the card, that'll never be zero.
As for the nuts and bolts, it doesn't really make a HUGE difference, but I pay out of a 1.5 APY savings account on the due date from the credit card company (and not before). Doing it that way is probably worth maybe $20-$30 in interest over the course of the year. Not a huge deal, but since it's easy to do, why not?