Since you’re reading, I’ll assume you’d rather receive interest than pay interest. You’ll like this post.

I’m 26 and I’ve never paid a dime in credit card interest. Not paying interest is obviously ideal since I’m not spending money just for the privilege of borrowing money. But going further, this also means that I don’t need to be overly concerned with the interest rate when I shop for credit cards. Since I won’t be paying interest, the rate is really a moot point.

Whether you’ve paid interest before or not – this post will tell you how to keep from ever having to do it again. Let’s get going.

Make Sure You Have a Grace Period

This may come as a surprise, but not all cards have a grace period. Yes, that means some cards begin accruing interest almost as soon as you make the purchase. If you are using one of those, then you’ll have no choice but to pay that 20% interest rate!

As a rule, find credit cards that give you a grace period which is usually around 21 days. Cards that don’t are always rubbish and should be avoided at all costs. The only people who have them are ignorant of the other options. There are cards available even for people with poor or no credit with grace periods, so there is absolutely no reason to get one that immediately slaps you with high interest.


What you want to do is automate everything you possibly can. We’re all human. We all screw up. I pride myself on being very on top of my finances but I’ve…

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