Question by Janie: How do I avoid being charged interest from my credit card company?
I reached my credit limit months ago, but every month I make sure to pay at least my minimum payment. I thought that making at least my minimum payment would help me avoid paying interest. I even have automatic payments setup so I’m aways on time. But I recently found that a finance charge was deducted from my account. How do I avoid another?

Best answer:

Answer by jlf
By paying off the full balance. You’re already in trouble by max’ing out your credit limit.
Paying the minimum payment hardly exempts you from interest charges. If you pay anything less than the full balance, you’ll incur interest charges.

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