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Why pay your credit card bill before due date?

Credit cards charge by the dollar. For every dollar you revolve, you pay interest, and that interest can add up. On average, a revolver will pay $2,000 of interest per year on a $10,000 balance. That is almost $200 of interest each month. 

By paying early you reduce your balance through the month, meaning less interest paid and more money saved. While credit cards give a specific due date, it always makes sense to pay as early as possible if you have any available cash. 

Paying early, in small chunks, also helps you reduce the stress of due dates and the scramble to pay before the bank charges late fees. With Bright, you pay piece by piece every day so you stay on budget and save money.

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