The simplest way to avoid paying interest on your credit card purchases is to pay your balance in full each month.
The simplest way to avoid paying interest on your credit card purchases is to pay your balance in full each month.
If you pay off your balance by the due date, you won’t be charged any interest on your purchases.
This means you’ll get the benefits of using a credit card, such as rewards and cashback, without any additional costs.
Late payments not only lead to late fees but also damage your credit score and incur additional interest charges.
Therefore, it’s crucial to make your credit card payments on time to avoid these extra costs.
You can set up automatic payments, which will ensure that your payments are always on time.
Many credit cards offer a 0% APR introductory period, which means you won’t be charged any interest on your purchases during that time.