The mission of the Department of Defense is to provide the military forces needed to deter war and to protect the security of our country. The department's headquarters is at the Pentagon. Get the latest DoD News products delivered to your inbox.
Worse, late payment may cause you to forfeit some or all of the rewards you've accumulated. By the time your account is 180 days late, i.e. you've missed six payments, the card issuer will typically charge-off the account, writing it off as a loss. The charge-off goes on your credit report and stays for seven years.
When given a similar calculation on how long it would take to pay off a credit card with just minimum payments, only 2% of people were able to answer correctly, according to the survey by TotallyMoney.com, a U.K.-based personal finance website.