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How does interest work?

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Kforce
Valued Contributor

Re: How does interest work?

Some additional info to the detail of paying off your card and resetting the grace period.

It does not reset automatically by just getting your balance to zero or paying off the last statement in full. 

(For some issuers this will work but you can not count on it)

 

Many issuers to reestablish the grace period need two consecutive billing cycles being paid in full.

 

  

 

 

 

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