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Interest free period on credit cards – Moneywise Global

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Interest free period on credit cards

The days where you don’t have to pay interest on your credit card purchases. The interest free period usually starts on the first day of your billing cycle, not when you make a purchase. Check your credit card statement so you know when you are within the interest free period. It is worth working this out given that the average interest rate on credit cards is normally 18%.

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Interest free period on credit cards

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