@HeavenOhio wrote:
@Anonymous wrote:
make sure all your grace periods are restored
This deserves emphasis. @Anonymous, after paying off your balances, there'll be residual interest on the following month's statement. You'll need to pay that amount immediately after the statement cuts. Then watch for a statement balance of zero. Once that happens, your grace period is reset. Don't use the card during this process. It's going to need to lie dormant.
Just a heads up, although most grace periods can be reset via reporting $0 on a new statement, some lenders have additional requirements. For example, CapOne requires you to pay the full statement balance in 2 consecutive cycles, my suggestion is to call each lender and ask about grace period reset policy to be sure.
In addition to the method prescribed by Ohio, you can also call in and ask for the interest charge up to that day and add it to your PIF so the next statement will cut at $0 without the residual interest, you can also push a larger than total balance payment from the external account to create a negative balance situation (that will cover the residual interest) on the next statement.
