Credit Cards
If you want to pay a certain item (using your credit card) more than 50 days after the date of purchase without incurring the dreaded "interest", follow these tips:
- Know the cutoff date of each of your credit cards. If possible, write the date at the signature area of the card.
- When buying an item, always check what the date on that day is and check which of your credit cards had just finished its cut off. So for example, you have a Citibank (cut off: 22nd of the month), HSBC (cut off: 30th of the month) and you're buying something today (6th of Sept), choose the HSBC card to take advantage of paying the item more than the usual 30 day period with no interest! In our example, the item bought can be paid sometime November.
Be sure that by that time you still remember your purchase and have prepared for your payment. :)
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