Posts by Gregory Wright82

They could have at least brought out some of the ruling party just to make the numbers count, if nothing else.

frozenwalker4 said:So, I just spent some time digging through the Goldman Sachs website, and they lay it out pretty clearly right here:

"The Visa credit card functions as both a revolving line of credit and a traditional credit card, allowing you to pay for goods and services at any merchant worldwide that accepts Visa. If you settle your full balance every month, the American Express card essentially acts as a deferred payment tool, and in those cases, Goldman Sachs won't charge you any interest. However, if you choose not to pay the full amount due, the approved revolving loan feature kicks in."

Honestly, your first message made zero sense to me. 😕

That’s because the tellers at the bank obviously have no clue what they're talking about—that's what they told me. That was their story, and the guy on the customer service hotline was saying basically the same thing.

frozenwalker4 said:Look, if you owe that full $2,000 for the whole month, you're looking at maybe $25 bucks tops!

Aha. And if I choose the option to defer the interest calculation, does that mean I don't get charged anything at all?

frozenwalker4 said:What do you mean, a fee on every single transaction? That’s not even a thing. They can charge you interest on the total balance, but we're talking 13% annually. Someone totally misinformed you, or you just completely misunderstood how this works...

Come on, explain this to me. If I pay a bill for, say, $667 using my card, will I be hit with interest on next month's statement, or what?

Hey there.
Call me a loser if you want, but I’ve never seen the point in owning a credit card. Up until now, I’ve just used cash or my debit card for everything. However, work keeps dragging me abroad, and hotels won't stop demanding a card number for guarantees, so I finally need one.
I get my paycheck through Goldman Sachs, so I decided to grab a Mastercard from them. They don't offer a traditional charge card, just a revolving line of credit, but you can select an option to pay off 100% of the balance monthly, which effectively makes it the same thing. The bank told me that regardless, I'll be hit with a 13% interest rate on every transaction. I did see an option to defer the interest calculation—it costs a bit more, but I don't care. My question for anyone in the know: if I take this Mastercard from Goldman Sachs and pick that specific option, does that actually mean I'll avoid paying interest on my transactions?
Thanks.