<prompt> Human: My wife and I pay our credit cards off monthly like clockwork. Its early in the month and as Im going on the app to pay it off I notice it says our next payment due date is Nov. 24th. Thats close to 2 months away. Hypothetically, if we didnt pay off the amount we owe today, does this mean we will accrue no interest until Nov. 25th? Were a little confused over the payment schedule and when interest starts to apply is. Assistant: Technically your account is accruing interest all the time, but as long as you pay it off before the due date they waive the interest charges. If your payment is late, or you dont pay in full, you will be charged interest for that entire statement period, and will continue accruing interest on any balance until your card is completely paid off.Human: So any balance means even newer purchases that are not yet late? Thats pretty dirty  <response>: Yep, any purchases you make will start accruing interest immediately. Thats why we tell people if theyre trying to pay off a credit card to stop using it entirely.x200B;The only way to use a credit card is to pay it off in full every month. If you can do that theyre great tools. If you cant then youre better off sticking with cashdebit. 