Do you get charged any interest if you pay credit bill in full and on time??

Question

Do you get charged any interest if you pay credit bill in full and on time??

Answer 1

No, you only get charged the interest & finance fees when you pay the minimum or any amount lower than the full amount.

Answer 2

No you do not.

This is the way to always pay your credit card bills.

Answer 3

It depends on the terms of the credit card.  Most credit cards have a "grace period" of no interest if the balance is paid in full.  But I have also had a card without a grace period that charged interest from the billing date until the payment was received.  Check the terms and conditions of the account.

When you use the card have a spending limit in mind, people will buy an item costing up to 40% more than they originally intended when using a credit card.  Be sure to pay the balance each month so that you don't waste money on interest charges.

If you don't know how much you have to spend for clothing, groceries etc get on a budget so that you can keep your spending within your income.  You can download a free budget workbook from:  http://www.bills.com/guide/

or use an on-line tool at: http://www.kiplinger.com/tools/budget/

God bless!