In the process of paying off a 0% intro APR on purchases on my BoA credit card. I am on track to do that without paying interest. I need to calculate how many pay periods I can utilize to do so.
My 0% offer expires on Sept. 7. That’s also the day my new statement will cut. I then have a grace period of 25 days to make the payment (due early October).
My question: If I have a balance left on Sept. 7 and I then pay off this statement during the grace period, will this result in an interest charge or not? Do I need to pay the entire balance before the statement cuts or not?
Does grace period apply to expiring 0% APR deal?
byu/saintgaudensgold inCreditCards
Posted by saintgaudensgold
1 Comment
This is an unfortunate case of your promo expiring before/on your statement/due date.
I would advise adjusting your payments to pay off this promo by your August due date – don’t let any part of this balance exist after September 7.