Credit Card Question

Man of Honour
Joined
17 Feb 2003
Posts
29,640
Location
Chelmsford
Does anyone know if you start paying interest on an item as soon as it been purchased, or does it only accrue interest after the payment due date on any balance not paid on that item.

So, if you buy an item but then pay it off before the next due date, you pay no interest.. Is this correct?
 
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