How to avoid finance charge on Credit card every month? and Michigan Senate Finance Committee Hearing Photo by Michigan Municipal League

How to avoid finance charge on Credit card every month?

I have $ 2500 outstanding balance on my credit card and I don't want to pay it all at once. If I stop using this card and don't make any purchases, will I avoid a finance charge every month?


Finance best answer:

Answer by Steve D
You can't - the only way to avoid the finance charges is to pay the full balance by the due date.

Finance

Michigan Senate Finance Committee Hearing Photo by Michigan Municipal League


Image by Michigan Municipal League (MML)
Mayor Abdul Haidous of the city of Wayne and Sterling Heights Mayor Richard Notte were in Lansing on Thursday, with Michigan Municipal League staffer Andy Schor, to testify at the Senate Finance Committee's first hearing on SB 34, which would eliminate the personal property tax. Read the Feb. 3rd Action Alert (http://www.mml.org/advocacy/alerts_advisories/2011_02_4_action.html) which explains the League's position on the bill, and the steps local leaders are taking to make sure committee members understand the devastating impact this would have on local public services should it be enacted without a replacement for the revenues to local communities. For more about the League and what we do go to mml.org.

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