I have a Credit Card (Master card) with Bank Of America for 7 years now, and I just realized they Have been charging me between $20-$30 month interest, ("just realized"- wife was managing the payments/account).
I just called the bank to question this as we pay in full by the due date on each statement every month-
The "due date" is specified on each statement, as the 21st of the month. The bank told me there is no grace period on this credit card. I explained that we pay by the date stated on the monthly statement, but they said payment was due 20 days "prior" to the date written on the statement, because there is no grace period on this credit card - yet the statement states payment due date is 21st of the month...
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