 TITLE: Is Credit Card Interest Compounded Daily? CONTENT: How to Avoid Paying Credit Card Interest\n----------------------------------------\nIt's possible to avoid paying credit card interest entirely. Even though interest accrues throughout the month, your credit card issuer will not charge you for it if you pay the whole statement balance by the due date.\nSince most credit cards have grace periods, there's generally a 21-day period between the end of your billing cycle and your due date during which you won't be charged interest on an unpaid balance. As long as you pay your statement balance within that time period, you'll avoid paying interest charges.\nYou can also skip having to pay interest for a period of time if you use a credit card with a 0% introductory APR offer. Some cards, like the Chase Freedom Unlimited®, offer an introductory 0% APR period to new cardholders that lets you avoid interest on purchases for 15 months. Once the introductory period ends, the card's ongoing 14.99% - 23.74% variable rate kicks in.\nOr you may use a card that charges 0% APR on balance transfers for a set amount of time as a way to pay down a credit card balance without accruing interest. Balance transfer credit cards often come with balance transfer fees, usually 3% or 5% of the transferred balance, so make sure you understand any fees you'll be charged. You may find that the interest savings while paying off a balance are worth the fees you'll pay. END