Off Card
Avoiding credit card interest by paying off card every month?
I have a credit card that I simply use to collect airline miles. I’d like to keep the interest to a minimum or avoiding it altogether. They say that by paying off the card every month you can avoid paying interest.
What does that mean and how is it done?
Do I pay off the card before they close the period and send out my statement? Or do I wait until the period is closed and I have until the payment is due to pay the outstanding balance from the statement?
Thanks for the help.
Wait for your statement and send your full payment before the due date. We’ve always handled our credit cards like cash, paying each of them in full when the statement comes. You are so wise to consider this. America is drowning in credit card debt and interest. By the way, US Airways is sponsoring a Visa Signature card which gives you 25,000 bonus points when you sign up and another nice bundle for your first purchase. Each month you receive additional miles according to your purchases.
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