3 Simple Steps to Take so That You Never Pay Interest on a Credit Card Ever Again
Avoid charges that you should never experience
According to WalletHub’s Credit Landscape Report, the average credit card interest rate is 17.98% for new offers and 14.58% for existing accounts. I don’t know about you, but that is an interest rate I never want to be charged. Before I get into the 3 simple steps to take so that you never pay interest on a credit card ever again, let’s rewind a little.
Credit card interest rates tell you how much you will be charged if a carry balance from month to month. Credit card interest rates are typically displayed as an annualized percentage of your balance, known as the Annual Percentage Rate (APR).
Now that you have some background information, let’s move on to the 3 simple steps, which are as followed:
1. Only Make Purchase You Can Afford to Pay off Within 1 Month
2. Pay Your Full Statement Balance Every Month
3. Use a 0% Introductory APR Card If the First 2 Steps Do Not Work
1. Only Make Purchase You Can Afford to Pay off Within 1 Month
You do not want to fall into the dangers of credit card debt and absurdly high interest rates, so only make purchases that…
