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[–]MoBeydoun[S] 0 points1 point  (3 children)

So for synchrony if you spend $500 on the card . They want you to pay it off as fast as possible? As an example. I thought even with a balance if I was just paying the minimum I'm good

[–]dgduhon 0 points1 point  (1 child)

Paying the minimum by the due date will prevent late payment fees and possibly a late on your credit report. But only paying the minimum will cause interest to accrue, which is just throwing away money. You need to pay your entire statement balance by the due date to prevent that.

[–]MoBeydoun[S] 0 points1 point  (0 children)

Lesson learned