In this video we’re talking about your credit card bill to answer some important questions like "when to pay your credit card bill to avoid interest?" We’ll be going over 12 key terms on your credit card statement that everyone needs to know so that you can pay your credit card bill the right way to not only avoid interest, but also increase your credit score!

To summarize this video, the best time to pay your credit card bill is after the statement closing date but before the payment due date. That period of time is called the grace period, and when we make a credit card payment we should be paying off the full statement balance as well. This video will explain that concept in much more detail as I go through one of my real credit card bills.

Overall, using your credit cards the right way is not too difficult once you understand the terms in this video. By learning this info, I’ve been able to always pay my credit card bill on all of my 15 credit cards in full every single month. I’ve never paid a dollar in interest and my goal is for everyone out that watches this video to do the same!


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DISCLAIMER: Some of the card links and other products that appear on this website are from companies which Daniel Braun will earn an affiliate commission or referral bonus. Daniel Braun is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers.

The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Daniel Braun is not a financial advisor. This video is for entertainment and educational purposes only, it is not financial advice.

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