If you do
n't pay your balance in full by the end, you are charged interest on the remaining balance at whatever your interest rate is on the card.
Although low interest credit cards do not typically have rewards programs, if you
typically pay your balance in full each month, you can miss out on valuable cash back and travel opportunities.
However, realize that by doing this you're locking yourself
into paying the balance in full at the end of the month, so make sure you'll have the cash on hand.
Otherwise,
pay your balances in full on your existing cards — whether or not they offer any perks — to avoid falling behind on payments or canceling out your rewards savings.
People who understand that and are able to control their spending, simply use their credit cards for normal purchases and
then pay their balances in full each month.
Who It's Best For: People
who pay their balance in full each month and use their credit card frequently enough to accumulate sufficient rewards to justify the annual fee.
Phrases with «to pay the balance in full»