Americans paid $130 billion in credit card interest and fees in 2022, according to a new report. Here are three strategies to help limit those charges.
That’s interest charged from the time you get your statement. Not from the date of purchase. Which means no interest for upwards of 51 days if there’s a 21 day grace period.
This isn’t the big deal you’re making it out to be.
Jokes on them.
I have specifically have CC’s without a yearly fee, and get cash back.
I calculated a long time ago, the amount of spending I would need to do through a credit card per month, to just break even on the yearly fee.
Not fucking worth it.
Now you read the fine print, and all these CC companies reduced the time before interest kicks in to like 20 days instead of a month.
Don’t fall for that shit. Read the details. Most CC’s are a scam.
Do you have an example of a card who’s interest is applied before month end? That sounds shitty as hell
https://www.capitalone.com/learn-grow/money-management/credit-card-grace-period/
A lot of them are now at a 21-day grace period.
That’s interest charged from the time you get your statement. Not from the date of purchase. Which means no interest for upwards of 51 days if there’s a 21 day grace period.
This isn’t the big deal you’re making it out to be.
I’ve never seen bank fees for using a credit card in the USA.
Closest I’ve seen is certain methods of payment prefer a check since there’s no Stripe X% processing fee.