Money Tips: Discover Credit Card Monthly Minimum Charge

Written by carnold
Posted On: October 17, 2006

Guest: binciong
Post subject: Discover Credit Card Monthly Minimum Charge
Posted: Tue Oct 17, 2006 8:32 am

I have a balance on a Discover card that carries 0% interest as long as there is at least one dollar charged every billing period.

Right now I pump one buck of gas each month but I’m capable of forgetting and then rates would jump way way up I’m sure.

Can anyone suggest a way to charge $1 per month on an automatic basis? It could even be a charity donation though I haven’t found anything that would work yet.


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About the author:

Curtis Arnold, a nationally recognized consumer educator and advocate, has been educating consumers about credit cards since 1998. Curtis is the author of "How You Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line" (FT Press, 2008). He is also the co-author of the upcoming Complete Idiot's Guide to Person-to-Person Lending (Alpha Books/Pengiun Group USA, April 2009), a contribitor to The Ultimate Allowance (InnerWealth Publishing, 2008) and is extensively featured in 42 RulesTM for Driving Success With Books (Super Star Press, January 2009).

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