How many litters can a female rat have before she is done? If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed.
Each card statement also has a payment due date, typically about 25 days from the closing date. A card cycle that closed on the 7th of the month may have a due date of the 2nd of the following month. If you pay the full statement balance by the due date, you are not charged interest. Many cards impose a fee for a late payment in addition to any interest on the unpaid balance.
One month of interest might not mean much but if you are paying $4000 per month to 50 staff the business could be accruing $3000+ more worth of interest than if they paid fortnightly. By having your pay fortnightly or weekly you can have it in your high saving account longer and therefore earn more interest.