scrubbedexpat091

That is what I do if I have used the card, I try not to use it, but sometimes things come up between pay days and gotta put it on the card.

Oink

I don't get today off so I didn't get to go fishing, crabbing and drinking unlike the rest of the snivelling malcontents.

Shard

But as AC said, there is not going to be any substantive 'saving' by charging the water bill and then paying it off immediately. Assuming you're paying from cash.

bats

Rockefeller

Almost Canadian

I would never get to the stage where the interest free period was close to expiring. I was referring to the interest earned on the savings by having an interest free period.

BristolUK

Perhaps I'm not explaining myself well. If I put the water bill on the credit card now and then the statement is produced after, I have to pay the current credit card amount outstanding plus the water bill which will be added. If I don't pay all of it then the interest becomes due, backdated, on the whole amount until the payment is credited and that would be about $30.

If I wait for the statement to be made up, I then pay it in full - having budgeted/juggled for the expensive dental treatment. Then I put the water bill on the now cleared CC and it's easy to pay next month with no interest charged on any balance and no interest lost from transferring money from a savings account.

Is avoiding $30 interest charged by the CC not a substantive saving for merely paying a water bill on, say, the 15th instead of the 13th?

The other choice would be to transfer money from a savings account. That would only involve a small loss of interest but why even do that when paying the water bill on a different day but still in good time involves nothing additional at all? (apart from writing about it on BE )

BristolUK

When the statement is done, you get 21 days or whatever to pay in full or start incurring interest. I wouldn't consider 21 days time as close to expiring, given you've only just received formal notice of it.

Close to expiring would be getting close to that 21 day point but that's the complete opposite of my issue because I want the statement so I can pay it straight-away.
But I know what you mean, as you're clearing it as you go.

Jingsamichty

I was really annoyed, especially as the bin was a large, stinky one that I couldn't reach into to get it back. Plus it was at the busy main railway station so I didn't want to be a very public bin-raker.

magnumpi

I use mine whenever possible, TD pay me to use it and it just paid for 50% of my flights to U.K.

Jerseygirl

My credit card is paid in full automatically from my bank account each month. I’ve done this for decades and have never paid a penny interest.

scrubbedexpat091

If my card gave rewards I would do the same..

scrubbedexpat091

I wish CRA would open netfile earlier. Feb 26th apparently, but I want to file now....

BristolUK

I've got three waiting.

scrubbedexpat091

You would think CRA could have it open by now... IRS in the US has had theirs open since Jan 29th.

BristolUK

Canada Post probably has them delay it so they can get the mailing costs for those posting them.

I get a reduction in property tax based on the return but because of this delay it's never done in time for the new property tax bill and I end up paying the full amount, getting a credit and revision about six months later.