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This is my first time that I have a credit card. My bank offered me a credit card with a balance of 500.00. They told me if i pay on time i dont need to pay interest (the interest rate is 5 %). Well, my credit card statement closed on 17 each month. I always paid around 10 each month and if i spend 200 i usually pay 150 or 200, however, the last statement that i received said that i owe 483.00, i really dont understand how possible i owe that money when i pay every 2 weeks (i pay my credit card on 10 of each month and at the end of this month) so how possible i owe that amount?.I called to the credit card company and asked them but they just say that is the amount that i owe to them, the bank printer out for me the statement is looking like that i spend that money but i also pay every 2 weeks so is impossible that. Anyway, i pay the full amount and i wonder how the credit card works? if i pay every 2 week the credit card how possible the balance went so high?. Any advise is greatly appreciate. Thank you
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