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

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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. 💰