How to Best Use the Interest Free Period on Credit Cards

By | September 1, 2015

The ‘interest-free period’ is a very commonly misunderstood concept when it comes to credit cards. Contrary to popular belief, an interest-free period DOES exist! You just need a few pointers. Here’s some help:

Apply Now                                                                    

The Actual Period
The 44 (or 55) days begin at the start of your statement period and end when your payment for that purchase is due. In total, this interest-free period made up of the monthly statement period plus the time you get to pay your statement balance.

When To Start
Get a longer interest-free period by making purchases at the start of your statement period.

How To Keep It Going
Always pay your closing balance in full by the due date to avoid interest charges and retain your interest-free period in the next statement cycle.

To Each Their Own
Each person’s statement cycle is different. Check yours to see when your month begins.

Ready for a Credit Card? BankBazaar it now!

Apply Now

 

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit www.bankbazaar.com for the latest rates/offers.

Leave a Reply

Your email address will not be published. Required fields are marked *