[toboramai]

I am confused on how my interest is charged on my credit cards, aren't we all?

I have a regular discover and a chase freedom card. If I pay my off my cards in full by the due date every month, I should have no finance charges, correct?

Example:
Statement amount: $200
total charges on CC: $300
Due date of bill: 25 of each month

If I paid it in full ($300) on the 24th, I would never have finance charges, correct?


Thanks in advance!