Virginia Raegan

The typical credit card cycle is 30 days. While your payment date is typically defined when you open a new account, you can also request a change if one day of the month works better for your billing schedule. At the end of the cycle, you’ll receive a statement, and if your balance is not paid in full, an interest charge will be added. You can figure out how much interest you will accumulate with a credit card interest calculator . With all of this in mind, is there a way to avoid interest by paying early, throughout the month, or on a different day? Here are a few things to consider. When Should I Pay My Bill? Ideally, you pay at least the minimum on or before the due date, as missing a payment could significantly hurt your credit score. But if you can, you might avoid interest by paying off your balance before the due date. Hopefully, when you opened the credit card, you knew what is a good APR for a credit card . If you have a good APR, you’ll have a lower interest charge compared...

Many credit cards come with extra fees you may not even know about. Even if you don’t know they’re there, some can cost you more in the long run. Not all fees are easy to find or out in the open. However, they should be on a credit card company’s website or in the fine print of your contract. Whether you need help with credit card debt and are looking for a way to avoid fees, understanding them is half the battle. Here are some to look for. Annual Fee Your card may or may not have an annual fee. Usually, cards with annual fees offer high-end rewards. This might include travel cards and business cards. Cards for people with limited or fair credit or credit cards for bad credit often have annual fees. The better the rewards, the more risk the card issuer has, thus the more likely there is an annual fee. Interest Charges What is a good APR for a credit card ? The lowest one you can get is typically the answer to this question. Credit card interest rates are typically represented as ...