he-sham, you are right based on what's written behind my DA Statement as below:

"Finance charge is also imposed on new Retail Transaction and calculated on daily rest basis from the date the transaction is posted until full repayment if the preceeding month's outstanding balances is not paid in full."

Since i usually pay in full, I never really gave any thought to gecodine question until he posted it. Look like better to use another card if got outstanding balance to save on interest for new transactions (and that is assuming you don'y have outstanding balance on the other card).

Just to share, i was bored 2 weeks ago so wanted to try blogging and ended up writting about CC which may be useful to new users of CC.
Click here to read my comments on CC, the blog is called My Credit Cards.

This post has been edited by Gen-X: Feb 27 2009, 01:47 AM

Statement date is fixed for every month, and due date is about 20 days after the statement date. If you have not received your statement say 14 days after statement date, better to call customer service and ask the amount due and pay before the due date to avoid interest charges.

you are welcome...glad my comments in my blog was of assistance to you and thanks for reading it.