I Can Use My Favorite Credit Card Again

Hurray. I officially figured out how to stop the vicious credit card interest cycle. It’s been confirmed. By bringing the balance to zero before the statement closing date, I did not get dinged for any additional interest. Granted, over the course of two months, we’re only talking about $12 total. It’s possible the other way to get around it would have to pay the balance in full the day after the closing date? I’m not about to test the theory again if I don’t have to.

My personal approach to pay the billed balance in full each month because I aim to spend within my limits. I will splurge from time to time, but I’m saving up to buy a house so reckless spending isn’t the smartest of ideas.

Why not pay cash on the spot instead of pulling out the plastic? Convenience. Reward points. I’m not a huge fan of walking around with cash on me and this way I can pay for the bill at one time instead of piecemeal.

The other way to help make paying the billed balance in full work is to save up for big expenses in advance. This way even with the extra time to pay the bill, it’s not as painful of a bill to pay, and earn some rewards points (depending on the card of course) at the same time.

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