Time Your Credit Card Purchases To Maximize Grace Periods

Interested in giving yourself a brief interest free loan? If you make a purchase immediately following your credit card’s statement closing period, you won’t have to pay for a purchase for the duration of your grace period. While this doesn’t seem like a lot, it’s a small little hack that will allow you to enjoy the benefits of your purchase without having to pay for it (albeit for a little while). For example, if your statement closes on January 20th, make your purchase on the 21st and the bill won’t come due until your next statement cycle. This is more useful on large ticket items, like televisions or other fancy electronics, than smaller ticket items but it’s useful either way.

Most Commented Posts

• 16th Carnival of Money Hacks
• Avoid One-Way Surcharge on Rental Cars
• Buy Lost Mail from United States Postal Service Auctions
• Don’t Get Rental Car Insurance
• Don’t Quit Jobs For Less Than An 8% Raise