Avoid credit card interest

eliaskok

Hi as i am newbie i have a question about credit card interest. Is it true that if i pay full my credit card i won't pay any interest at all?

Thank you

bengal-stripe

I believe, there are a few cards where this does not apply, but for the majority of credit cards this is true: As long as you pay regularly the entire bill before the "payment-due" date, you will not be charged any interest.

(This does not apply to cash advances and 'quasi-cash', like gambling, transactions.)

bengalknights

Yes as long paid full in time you incur no interest

Jaywilz

In a word yes.. but there is a more complicated answer.

It depends how you get a balance on the account, for example if your withdraw cash from your credit card some (in fact most) credit card companies will charge intrest from the moment the cash is withdrawn.

But if you use your card online and in shops as long as you pay the full balance before the payment due date then no you wont be charged interest

eliaskok

Okay thank you very much that was so helpful.