Assessing the Full Cost of a Credit Card

Credit cards should not end up costing you the earth. So you can keep your spending under control and are able to pay your monthly bill in full each month, your credit card will probably cost you nothing. Each purchase you make with your credit card is granted an interest free period somewhere between fifty and sixty days. This is the time between when you make the purchase during the acquisition and will appear on your next monthly bill. As long as you pay for that on the first bill, there will be no interest or finance charge for the purchase.