How exactly does the interest work on a credit cards unpaid balance when its not paid in full?

This is the first time I won't be able to pay off my balance in full at the end of the month, so I'm not really sure what happens. If I pay most of the balance, will I only be charged interest on the remaining balance that I left unpaid, or will I be charged interest on full balance of that month's purchases?|||You will be charged only on the part you leave unpaid. They compute interest daily, so the earlier you pay, the better. Don't wait for the bill - send what you can, when you can.





Another warning: You will be charged interest on any purchases from the second you make them. If you carry a balance, there is no 'grace period' during which you don't pay interest.





I would cease using the card until you payoff the balance in full if you want to avoid interest on everything you buy.





--%26gt;Adam|||I know that late fees are $30


I think with the interest they try to suck any money you have, off your card to pay them. If you don't have any money, as soon as you put money on, that will come off %26amp; go to them. It will continue in this fashion until they are paid their amount. So let's say their interest is $100. Plus $30 late fee. They check your card, it has nothing. So, they wait for you to put money on. One day you put $50 on your card, they take that for them. Days later you pay $80 (which is the remaining amount you owe them) they take that off for them. So when you try to make a purchase thinking you have $130 on your card, there's nothing bcz you owe them %26amp; they will take it.lol. Credit cards are difficult. I'm thinking about switching to debit.|||You'll pay interest on the unpaid balance--it will most likely be VERY high. A bank loan might be a better alternative.|||Usually charged on average daily balance, so the earlier you made your payment the lower the interest charged