Comments on: How are the Interest- free days calculated for my credit card? http://www.equitipz.com/2010/01/how-are-the-interest-free-days-calculated-for-my-credit-card.html Spreading Financial Literacy Mon, 07 Nov 2011 09:35:34 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Amandeep Singh http://www.equitipz.com/2010/01/how-are-the-interest-free-days-calculated-for-my-credit-card.html#comment-3112 Amandeep Singh Wed, 16 Jun 2010 17:55:32 +0000 http://www.equitipz.com/?p=290#comment-3112 I am really glad that you liked it mate :) I am pleased to answer your query... In your case, when your statement gets generated on the 5th of the month (for this month, 05th June 2010), to get the maximum benefit of these interest free days, you should make a purchase on or after the 06th June 2010. This will mean that this purchase will be reflected in the statement that gets generated on the 05th July for which you will make payment on the 23rg of July 2010. So, for the purchase made on the 06th June, you pay the amount on 23rd July, in a way you get 47-48 days of interest free period. This generally is 48 with some banks and 50-52 with other banks. Please feel free to ask any other question that you have :) I will be more than happy to help you :) I am really glad that you liked it mate :)

I am pleased to answer your query… In your case, when your statement gets generated on the 5th of the month (for this month, 05th June 2010), to get the maximum benefit of these interest free days, you should make a purchase on or after the 06th June 2010. This will mean that this purchase will be reflected in the statement that gets generated on the 05th July for which you will make payment on the 23rg of July 2010.

So, for the purchase made on the 06th June, you pay the amount on 23rd July, in a way you get 47-48 days of interest free period. This generally is 48 with some banks and 50-52 with other banks.

Please feel free to ask any other question that you have :) I will be more than happy to help you :)

]]> By: Paresh http://www.equitipz.com/2010/01/how-are-the-interest-free-days-calculated-for-my-credit-card.html#comment-3110 Paresh Wed, 16 Jun 2010 15:29:36 +0000 http://www.equitipz.com/?p=290#comment-3110 Its a good information provided by you Aman... Its a good information provided by you Aman…

]]> By: PuneWala http://www.equitipz.com/2010/01/how-are-the-interest-free-days-calculated-for-my-credit-card.html#comment-3064 PuneWala Tue, 15 Jun 2010 09:49:41 +0000 http://www.equitipz.com/?p=290#comment-3064 Hey friend, That was real good post. I was searching for this kind of site/blog that will give me detailed information. Well, I have HDFC Visa gold credit card and I generally use it for online transaction and occasionally for shopping too. My Card billing period is about 5 of every month and the due date is 23 of every month. Meaning for this month the statement is generated on 5 of June 2010 and the due date is 23 June 2010. There my question is what will the best period of doing shopping with my card to get maximum of interest free dates? I will appreciate if you could answer. Hey friend, That was real good post. I was searching for this kind of site/blog that will give me detailed information.

Well, I have HDFC Visa gold credit card and I generally use it for online transaction and occasionally for shopping too.

My Card billing period is about 5 of every month and the due date is 23 of every month. Meaning for this month the statement is generated on 5 of June 2010 and the due date is 23 June 2010. There my question is what will the best period of doing shopping with my card to get maximum of interest free dates?

I will appreciate if you could answer.

]]> By: Amandeep Singh http://www.equitipz.com/2010/01/how-are-the-interest-free-days-calculated-for-my-credit-card.html#comment-151 Amandeep Singh Thu, 14 Jan 2010 12:13:45 +0000 http://www.equitipz.com/?p=290#comment-151 Thats fine that you donot own a credit card but I suggest you should have one... taking into account the ease and facilities that they have to offer... and yes, master its use wisely... :) And, it is very true that majority of us donot know of this concept and many a times land-up paying extra charges as interest... I am soon coming up with the best credit cards that proovide the best of the offers... Subscribe to the email updates so stay updated... Thats fine that you donot own a credit card but I suggest you should have one… taking into account the ease and facilities that they have to offer… and yes, master its use wisely… :)

And, it is very true that majority of us donot know of this concept and many a times land-up paying extra charges as interest…

I am soon coming up with the best credit cards that proovide the best of the offers… Subscribe to the email updates so stay updated…

]]> By: Bangaloreloka http://www.equitipz.com/2010/01/how-are-the-interest-free-days-calculated-for-my-credit-card.html#comment-150 Bangaloreloka Thu, 14 Jan 2010 11:22:27 +0000 http://www.equitipz.com/?p=290#comment-150 I still don't have credit card but the concept and I never ever heard about interest free days for credit card :) Need to setup an bank acc first :P .-= Bangaloreloka´s last blog ..<a href="http://bangaloreloka.com/2010/tips-and-tricks/shorten-affiliate-links-with-free-shorty-make-custom-short-domain-links.html" rel="nofollow">Shorten Affiliate Links? With Free Shorty Make Custom Short Domain Links</a> =-. I still don’t have credit card but the concept and I never ever heard about interest free days for credit card :)

Need to setup an bank acc first :P
Bangaloreloka´s last blog ..Shorten Affiliate Links? With Free Shorty Make Custom Short Domain Links My ComLuv Profile

]]> By: Amandeep Singh http://www.equitipz.com/2010/01/how-are-the-interest-free-days-calculated-for-my-credit-card.html#comment-148 Amandeep Singh Wed, 13 Jan 2010 14:50:43 +0000 http://www.equitipz.com/?p=290#comment-148 Thanks a lot Krishna :) Thanks a lot Krishna :)

]]> By: Krishna http://www.equitipz.com/2010/01/how-are-the-interest-free-days-calculated-for-my-credit-card.html#comment-147 Krishna Wed, 13 Jan 2010 08:21:02 +0000 http://www.equitipz.com/?p=290#comment-147 Hi Singh, Thank you for the useful write up...it is one needed every credit card holders :) Thanks, Krishna .-= Krishna´s last blog ..<a href="http://www.thinkplaninvest.com/2010/01/pnb-tax-saver-fixed-deposit-scheme/" rel="nofollow">PNB Tax Saver Fixed Deposit Scheme</a> =-. Hi Singh,

Thank you for the useful write up…it is one needed every credit card holders :)

Thanks,
Krishna
Krishna´s last blog ..PNB Tax Saver Fixed Deposit Scheme My ComLuv Profile

]]> By: Amandeep Singh http://www.equitipz.com/2010/01/how-are-the-interest-free-days-calculated-for-my-credit-card.html#comment-146 Amandeep Singh Mon, 11 Jan 2010 16:30:11 +0000 http://www.equitipz.com/?p=290#comment-146 I wonder why this comment of yours went into Spam... :) And regarding the use of credit Card, that is actually a real safe way to go about using them online... taking into account the number of frauds taking place online... I wonder why this comment of yours went into Spam… :)

And regarding the use of credit Card, that is actually a real safe way to go about using them online… taking into account the number of frauds taking place online…

]]> By: Manish http://www.equitipz.com/2010/01/how-are-the-interest-free-days-calculated-for-my-credit-card.html#comment-145 Manish Mon, 11 Jan 2010 15:34:52 +0000 http://www.equitipz.com/?p=290#comment-145 I mostly use it for paying for movie tickets , flight tickets . thats all :) I generally use it when I cant use Cash , Debit card , Net banking in the order :) Manish .-= Manish´s last blog ..<a href="http://feedproxy.google.com/~r/FinanceAndInvesting/~3/QVAk0rEmGSk/5-easy-steps-to-do-your-childs-education-planning.html" rel="nofollow">5 Easy Steps to do your Child’s Education Planning</a> =-. I mostly use it for paying for movie tickets , flight tickets . thats all :)

I generally use it when I cant use Cash , Debit card , Net banking in the order :)

Manish
Manish´s last blog ..5 Easy Steps to do your Child’s Education Planning My ComLuv Profile

]]> By: Amandeep Singh http://www.equitipz.com/2010/01/how-are-the-interest-free-days-calculated-for-my-credit-card.html#comment-144 Amandeep Singh Mon, 11 Jan 2010 15:25:58 +0000 http://www.equitipz.com/?p=290#comment-144 That is really good Manish... :) You must be maintaining godd rating with your bank :) What do you generally use your credit card for? That is really good Manish… :) You must be maintaining godd rating with your bank :) What do you generally use your credit card for?

]]> By: Manish http://www.equitipz.com/2010/01/how-are-the-interest-free-days-calculated-for-my-credit-card.html#comment-143 Manish Mon, 11 Jan 2010 14:35:35 +0000 http://www.equitipz.com/?p=290#comment-143 Thanks for the info :) . I have just one credit card and I have never defaulted :) manish .-= Manish´s last blog ..<a href="http://feedproxy.google.com/~r/FinanceAndInvesting/~3/QVAk0rEmGSk/5-easy-steps-to-do-your-childs-education-planning.html" rel="nofollow">5 Easy Steps to do your Child’s Education Planning</a> =-. Thanks for the info :) . I have just one credit card and I have never defaulted :)

manish
Manish´s last blog ..5 Easy Steps to do your Child’s Education Planning My ComLuv Profile

]]> By: Amandeep Singh http://www.equitipz.com/2010/01/how-are-the-interest-free-days-calculated-for-my-credit-card.html#comment-142 Amandeep Singh Sun, 10 Jan 2010 17:56:20 +0000 http://www.equitipz.com/?p=290#comment-142 Prabhmeet, I am glad that you liked it... Thanks a lot for the encouraging words. :) Prabhmeet, I am glad that you liked it…

Thanks a lot for the encouraging words. :)

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