let%26#039;s say i have a credit card with fixed rate 14% APR, if I shop online for 400$ and then pays the 400$ back before the month ends, will I have to pay the 14% interest rate? ie an extra 56$?
Will i get incurred with interest if i paid my monthly credit card balance in full?
No. The only way not to get sucked into credit card debt is to pay the balance each month.
Will i get incurred with interest if i paid my monthly credit card balance in full?
Normally, if you pay purchases off in full, there are no finance charges. For cash advances, they normally charge interest from the date of the advance.
Will i get incurred with interest if i paid my monthly credit card balance in full?
Some will charge you a daily rate, on a month may add up to $2-3, you have to read the 30 page contract each CC has in order to find out, but you will fine if paying off every month.
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