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So I have a BoA credit card with 0% intro purchase rate for the first 9 billing cycles. The 9th billing cycle cut on 9/9/2016, and the payment due date is 10/4/2016
So my question is, in order to avoid paying interests, do I have to pay off the balance by 10/4/2016?
Or, does the balance then get subjected to the grace period on the October bill, meaning I have until 11/4/2016 (or whenever the Nov due date is) to pay it off?
To avoid interest charge you need to pay the total new balance billed on 9,9 on or before 10/4/16
If you wait until 10/4 you are probably paying interest from September 9 onward. The "grace period" was when you first made the charges 9 months ago, or during the first 9 cycles. Now that the 9th statement has cut, the interest started up on September 10.