topic Re: Interest in Credit Cards

Interest

Jatindrj — Fri, 05 Apr 2013 20:44:38 GMT

Hey all.

I have a question about interest. I always pay my balances before the due date, leaving only a little to report. If I were to just setup autopay to pay on the due date, would I get charged interest? I'm wondering because the grace period confuses me a little. Is it however many days from the date of purchase or the amount of time you have to pay your bill?

Thanks!

Re: Interest

FocusedAndDetermined — Fri, 05 Apr 2013 20:49:54 GMT

As long as the payment is applied on or before the due date, there should be no interest. The grace period refers to the amount of time you have from the date of statement until payment is due.

Re: Interest

Anonymous — Fri, 05 Apr 2013 23:13:00 GMT

@FocusedAndDetermined wrote:
As long as the payment is applied on or before the due date, there should be no interest. The grace period refers to the amount of time you have from the date of statement until payment is due.

+1 correct. I usually hate this kind of +1 posts, but i thought OP might like double confirmatiaon.