There's no interest charge;
users pay balances in full every month.
Not exact matches
Despite spending more, iOS
users were also the ones more likely to
pay off their credit card
balance in full at the end of each
month (52.57 % vs Android's 42.72 %).
Despite spending more, iOS
users were also the ones more likely to
pay off their credit card
balance in full at the end of each
month (52.57 % vs Android's 42.72 %).
Cash back rewards should only be pursued by responsible credit
users who have no trouble
paying off their
balance on time and
in full every
month.
Although the APR shouldn't be a major consideration, because secured credit card
users should always strive to
pay their
balance in full each
month, many cards offer reasonable rates
in the range of 20 % to 29 %.
You will find that you are developing habits that will cost you more
in the long run, and unless you are a credit card
user that
pays off your
full balance every
month, you are building interest that increases the cost of the service or item for which you are
paying.
The following figures include the credit card statement
balances of all credit card
users, including those who
pay their bill
in full each
month.
As always, we urge
users to
pay all credit card
balances in full each
month (if possible).