Do This And You Won’t Be Charged Any Interest On Your Credit Card Purchase For 2 Billing Cycles

Want to avoid paying interest on your credit card purchase for 2 billing cycles? Not a lot of people know about this sexy money tip.

Obviously, if you are the type who pays credit card balances in full every billing cycle, you won’t be paying any interest charges at all.

Congratulations and keep it up. You are doing a great job.

Now what if I tell you that with just 1 little simple jedi hack, you can extend your current float of 25 to 30 days (depending on your bank terms) to 50 to 60 days …

… and still not pay interest at all on your purchase?

Sounds too good to be true, right?

This sexy money tip takes using the bank’s money for free to the next level.

Some savvy credit card users are doing this.

After you read this article and apply this tip, you can consider yourself part of this group of savvy users too. ?

The first thing you need to do is find out when your statement closes.

Once you know the date, you are one step away from implementing the skillful hack.

Now read closely.

Keep in mind that any charges on your credit card made BEFORE your statement closes will be due 20 to 25 days later.

However …

… If you make a charge to your credit card AFTER your statement closes, you will then have an extra 25 to 30 days to pay it without incurring any interest charges.

So in essence, you are maximizing the interest-free period on your credit card for close to 2 billing cycles.

Cool, right?

Word of caution for this to work.

There are now issuing banks that are eliminating the standard 25 to 30 grace period in which you do not have to pay interest on your credit card purchase.

Make sure your credit card issuer is not one of these banks.

If your bank has a grace period, then you are good to go.

Now if your bank does not have the standard grace period, this obviously won’t work.

Or …

… you might like to cancel your card and look for another bank card that offers a grace period.

Also, if you are the type who pays your credit card balances in full each month, avoid cards with no grace periods like the plague.

Otherwise, you will be charged interest even if you diligently pay off bills every month.