Does interest on a credit card get applied to the balance?

Question

My balance went up $60 and i didn't even use it

Answer

Yes, if you don't pay off your cc monthly the interest accrues on the balance and will be a part of the balance considered when interest comes due the next month. Go through your statement and make sure there are no new charges and that it was in fact the interest that was applied to the balance.

Answer

Mine adds interest plus a $5 bs membership fee each month.

Answer

Yes it does. Pay your balance off monthly to avoid interest.

Answer

Probably yearly fee

Answer

And fees.

Answer

Yes it does.

Does interest on a credit card get applied to the balance?

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