a quick lesson on credit card interest, since a lot of the responses have been crude:
interest does not accrue from the moment of purchase, it only accrues on your leftover balance after the end of the payment period
overly simple graphic for the visual learners
So I just got my first Amex, can anyone confirm whether it’s normal that they don’t allow me to pay off the card before it starts bearing interest??
Because if so I’m canceling this thing asap