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OP says they don't want to be carrying a balance from month to month, so how interest is calculated doesn't matter, as far as I can see.
– TripeHound
Commented Apr 26, 2021 at 16:15
It does, depending on the bank's billing cycle versus when you pay your bill. If you don't want to carry a balance from "month to month", are you referring to making sure you pay by the end of the calendar month, or within the bank's billing cycle? For example, one of my banks just closed its April cycle today, even though there are still 5 calendar days left in the month. If your payments don't sync with the bank's cycle, you could still pay interest despite paying off the balance each month.
– RiverNet
Commented Apr 26, 2021 at 16:23
4

@SRiverNet-reinstatemonica: Not for any of the competitive cards -- they all have a several week grace period which doesn't even start until the cycle ends. Only subprime cards charge interest when the balance is paid in full on consecutive months.
– Ben Voigt
Commented Apr 26, 2021 at 22:17

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