When Do You Pay Credit Card interest?
People make the big assumption that you pay credit card interest any time you use a credit card... and that is completely incorrect.
The only time you pay interest using a credit card is when you do not pay your credit card statement balance in full on the payment due date.
No matter what the interest rate is, if you pay in full on the due date, you pay NO interest!
One of the best ways to avoid missed payments and paying interest is to pay your cards in full every week or every 2 weeks.
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