FAQ Friday- let’s make it count! 💪

Community Lounge
1

It’s the weekend again, and we’ve been chatting about credit card interest this week, especially how purchase interest works, so let’s make this your space to ask anything you’re still unsure about!

:backhand_index_pointing_down: Drop your interest questions below! Whether it’s something that still confuses you or something that finally clicked for you this week, share it so others can learn too!

4

Does anyone know how APR (that annual rate you see on your statement) actually translates into daily interest charges?

5

Does anyone understand how the grace period works in Canada? Most cards give 21 days between statement close and due date to avoid interest, but some transactions (like cash advances) don’t qualify.