2006-10-20 08:17:25 · 6 answers · asked by aceventuradude 1 in Business & Finance ➔ Personal Finance
Generally, not more than 21 days.
2006-10-20 08:25:19 · answer #1 · answered by kentata 6 · 0⤊ 0⤋
For most credit cards, if you pay off the balance within 30 days, you won't be charged any interest. Otherwise, you'll probably be charged interest based on the "average daily balance."
That's for purchases. If you took out a cash loan, I'm not sure the 30-day rule applies. However, I'm not sure because I've never borrowed cash on my credit card.
2006-10-20 15:25:07 · answer #2 · answered by Pandagal 4 · 0⤊ 0⤋
You're charged interest on the outstanding balance each month. So if you buy something on Jan 1st and receive your bill on Feb 1st, you have about 10 days for the credit card company to receive your payment (note the word received, not paid at the bank or sent in the mail but received by them). Any balance remaining on the Feb 1st billing will have interest charged to it.
2006-10-20 15:25:05 · answer #3 · answered by Lynn K 5 · 0⤊ 0⤋
15-20 days after you receive the bill, so up to 30-35 days from the first charge of that month. Not very long, very expensive if you don't pay it off.
2006-10-20 15:24:14 · answer #4 · answered by Dentata 5 · 0⤊ 0⤋
20-45 days, depending on the credit card company.
2006-10-20 18:11:46 · answer #5 · answered by seek_fulfill 4 · 0⤊ 0⤋
u can get six months same as cash on most with no interest charged.
2006-10-23 18:52:25 · answer #6 · answered by worm 3 · 0⤊ 0⤋