Quote:
Originally Posted by musicalbabe85
From my understanding, as long as you pay the minimum due by the due date (with your Chase Freedom card you CAN pay on the due date and it gets processed that day) you won't have any finance charges. The interest however, gets charged if you don't pay your credit card balance in full each month. So like if you charge $40 on April 1st, you should pay it in full by May 1st (assuming it's the due date) in order to not get any interest.
For all you out there more knowlegdeable, please tell me if I'm wrong!
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Interest is the same as finance charges. You have to pay the statement balance in full every month to avoid finance charges.