How to avoid paying interest exactly?

[Anonymous]

Do i pay before the statement post? How exactly does it work out?

Specifially reguarding the Sallie Mae card.

[Anonymous]

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@Anonymous wrote:

Do i pay before the statement post? How exactly does it work out?

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Pay if full before the DUE DATE (after the statement posts).  If you do this every month, and you have no cash advance or balance transfers, then you pay no interest.

[-NewGuy-]

You should have a statement date and a payment date (or due date). Once your statement cuts on your statement date, that amount must be paid in full before the due date in order to avoid interest charges. Does that make sense?

[Anonymous]

Im very aggressive paying all statements to zero before statements post on my interest free discover and cap1. Gonna have to be more aggresive now with sallie mae once it arrives.

TY  guys.

[takeshi74]

That will do it as well but, as stated above, you only need to pay in full by due date.  Definitely do whatever works for you.

[scorewatcher7]

I'm just repeating what everyone else wrote- has to be paid before the statement closes. Once that happens, you'll be finance charged. Chase was nice enough once to issue me a FC refund because I paid the balance in full but didn't understand why I was finance charged on a subsequent statement. I woke up one day, checked my account, and owed $30 or so to them after a $0 balance. 

[Anonymous]

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@scorewatcher7 wrote:

I'm just repeating what everyone else wrote- has to be paid before the statement closes. Once that happens, you'll be finance charged. Chase was nice enough once to issue me a FC refund because I paid the balance in full but didn't understand why I was finance charged on a subsequent statement. I woke up one day, checked my account, and owed $30 or so to them after a $0 balance. 

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"statement closes" is a little unclear.    The statement closes with a balance.   It is that balance that needs to paid by the due date to avoid interest,   (You may have put more charges on the card between statement close and due date, but those don't have to paid until the next statement.)

It sounds like you were hit by trailing interest, from not paying in full one statement, then, even if you PIF on the next one, you still owe some interest.   Nice of Chase to waive it!