Ok, so as long as i pay the statement balance on my credit card im good, right?

jagec

Lifer
Apr 30, 2004
24,442
6
81
Correct, unless you got one of those lousy "annual fee" cards.

But yeah, pay off your statement balance in full, every month, and you win.
 

Train

Lifer
Jun 22, 2000
13,581
80
91
www.bing.com
assuming your card has a grace period.

Most do, but not all.

Last card I got, thought it was an amazing deal, great % rate, no fees, tons of cash back awards, you name it.

Paid it in full every month, but there was still a few bucks in finance charges, so I was like wtf? Turns out they start accumulating interest as soon as your account is above zero.