10+ Easy How To Not Pay Interest On Credit Card. Pay your credit card bill in full every month. Imagine paying $113.66 for a $100 pair of shoes. How to avoid paying interest on a credit card. Transfer your balance to a 0% apr credit card.
One of the easiest ways to stop incurring credit card interest is to move your debt from your current card to one with a 0% apr. The best way to avoid paying any credit card interest is to always pay your balance in full. You can do this by:
Credit card interest is more complex than the example above, but the underlying concept is the same.
Let’s say you have $5,000 in credit card debt on a card that charges 15% apr. The best way to avoid credit card interest is to pay off your closing balance before your statement’s due date, or if you have a balance transfer, the interest (12). If you do get a penalty apr and you have good credit, contact your credit issuer.
You'll Be Charged Interest Whenever You Don't Pay The Full Balance From The Previous Billing Cycle.
Average daily balance × daily periodic rate × days in billing cycle.
