If you don’t pay off your monthly credit card statement in full you will have to pay 25% interest until its paid off, not fun. So instead as a fail safe, I created 2 cashapp accounts, 1 attacked to my checking account for my bank, and 1 attached to my credit card.
To clear up another point:
You’re not charged 25% interest until you pay it off, you’re charged 25% interest split over the year, daily. So .25/365
So if you’re balance is $1,000 and you don’t pay it for 2 months, you owe:
$1000 + $1,000x(.25/365)x30 days = $1020.54 the first month
$1020.54 + $1020.54x(.25/365)x30 days = $1041.51 the second month