Does my credit card bill already have the interest included in the amount?

……. asked:


I have a credit card with Capital One and paid off the amount in full today. Does that amount include the interest or will I have to pay more? Also does anyone know how often they raise the credit limit? Thank you in advance.

Henry

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2 Responses to “Does my credit card bill already have the interest included in the amount?”

1. applepie&icecream Says:
   July 26th, 2009 at 3:14 pm

   Sandra

   the interest is usually added onto your amount outstanding every month… if youve paid the amount in full then you wont be charged anymore interest until you spend on it again… and when you do… as long as you pay off what youve spent within the month youl find you escape the interest charges…

   the credit limit is raised…. usually upon request by you… on occasion if your a good payer and dont miss payements they will raise it for you then send you a letter telling you your limit has risen… they rise it because they want you to spend more… so if your always paying on time or clearing your debt they will raise the amount to tempt you into spending more…hence getting higher interest charges and increased difficulty for you in paying it back……(this is how they make there money)….

2. Susan H Says:
   July 29th, 2009 at 5:44 pm

   Larry

   Yes check under the Finance Charges that will list the amount of interest charges you’ve been billed within that month,