Using a credit card offers you free financing until the due date on your credit card statement.

Question

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When you make a purchase with a credit card, you are essentially borrowing money from the credit card issuer. If you pay off the full balance by the due date listed on your credit card statement, you won't be charged any interest on that purchase. This can be viewed as "free financing" for the time period between the purchase date and the due date. However, if you don't pay off the full balance by the due date, you will be charged interest on the remaining balance.

Using a Credit Card Offers You Free Financing Until the Due