Yes. If you pay off your balance early, you won’t be charged any fees, unlike with a personal loan.
Keep in mind that if your credit card has an initial 0% APR period, you must pay off the full balance before the introductory period ends and interest begins to be charged.
The grace period is the length of time between the conclusion of your billing cycle and the deadline for your payment. Additionally, it can provide you some wiggle room between the time you make a purchase and the beginning of your interest payments. The typical length of a grace period is 25 to 55 days.
Wouldn’t it be better to fully pay your debt gradually if you’ve heard that having a balance is good for your credit score? Nearly always, the answer is no. Your credit will remain in good standing as you save money on paying interest by paying off credit card debt as quickly as you can.