Can making two credit card payments a month save you money?

What BBN said about it

1. 

   Vera Bullock · Co-AnchorHere's a money hack for your credit card. Split your monthly payment in two, and CBS News says it might save you money.

2. 

   Gloria Vance · World News AnchorThe average card charges above twenty-two percent interest. So I understand why people are looking for a trick.

3. 

   Vera Bullock · Co-AnchorRight, so you pay two hundred fifty dollars once a month, or you pay one hundred fifty dollars twice. Same card, new rhythm.

4. 

   Gloria Vance · World News AnchorOne fifty twice is three hundred. The old plan was two fifty. That's fifty dollars more.

5. 

   Vera Bullock · Co-AnchorA fifty-dollar commitment to your future self! Six hundred dollars over a year.

6. 

   Gloria Vance · World News AnchorCBS says the biggest savings come from paying down the balance with more money, not from making more payments.

7. 

   Vera Bullock · Co-AnchorFine, but an early payment can lower the balance your card reports to the credit bureaus, and that can help your score.

8. 

   Gloria Vance · World News AnchorThat part is true, and CBS says the interest savings from timing alone may be modest. So the hack is fifty extra dollars.

9. 

   Vera Bullock · Co-AnchorSo, a tip about having more money.

10. 

    Gloria Vance · World News AnchorBrock, tell us there's a forecast that costs nothing.