Just received in the mail. A “modification” to existing credit card terms.

“Your due date is at least 23 days after the close of each billing cycle. Will will not charge you for interest on purchases if you pay your entire balance by the due date (duh). If you do not play your entire balance by the due date, you must pay the entire balance by the due date for two months in a row to again be able to avoid interest on purchases. (Huh?). We will begin charging interest on balance transfers and cash advances on the transaction date.”

So if I pay off my account and it’s now zero, I have to pay it off again to avoid interest charges that I wouldn’t be charged had I paid it off the first month?

Yeah,…..got it.

Now as you know new rules went into effect to make credit card companies “simplify” the language of agreements and changes. If this is simplified you can imagine what complicating means.