How to use the card and not pay interestUncategorized
Credit cards, when we have chosen the ones that are best for us, are like those friends who make our purchases easier by not having to pay everything as soon as we buy it; however, the account comes at the end of the month and we really wish we never used them.
But what if you could use the card and save those interests that sometimes make sense of the discount so good we found? If we know the rules of the game of plastic money, we can win.
So how do we avoid paying interest?
You have to pay ALL the debt on the due date. If you consume at the beginning of your billing date, you will have practically a month to pay without interest charges. But it doesn’t matter what day you pay it if you will make the minimum payment, the joke is lost since you will still have to pay the interest. Remember, the idea is to pay the full debt.
But how can I pay the full debt if I took half a store home?
There is the trick, the recommendation is that in order to avoid interest, you put the maximum payment you can make at the end of the month. Then you can go back and buy the rest you need and make the same play again. Remember that discounts are worthless if we pay in installments, it’s the same!
If what causes you confusion is your billing date, you can request the information from the bank as many times as you want until everything is clear. It is one of your rights as a consumer. To know the types of interest charged in the world of credit, you can click here
Balance in your financial life
Have the number of credit cards that suits you and allow you to maintain a balance in your financial life, and always choose the financial institution that gives you the lowest cost and highest line of credit. To compare the interest rates offered by credit cards, use our comparator .
Finally, never borrow more than three times your income, so you will keep track of your debts. If you want to get more recommendations to take advantage of the benefits of your cards.