Any credit card purchase will effectively be an interest-free loan if you have a zero balance when the grace period begins and you:
A) pay for the purchase within 6 months.
B) make the minimum payment.
C) pay off the entire balance on or before the due date.
D) pay a $5 fee or 3% of the amount charged.
E) receive a cash advance.

Question

Quizplus · Accepted Answer

Paying off the entire balance on or before the due date ensures that no interest will be charged on the purchase.

Any Credit Card Purchase Will Effectively Be an Interest-Free Loan