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Will I Pay Any Interest On My Credit Line If I've Zero Balance?

My question is if I have zero balance, will I need to pay any interest on my credit line?

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Carol Terry

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No. You pay interest on any amount you draw from your credit line. When your credit line is compensated to some zero balance, no interest will accrue.

Posted on Aug 21, 2015

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Whatis1.5 percent interest on$6,300.0o pr annum

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so lets assume you pay zero off it and interest is calculated daily
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EXCLUDING future interest rate increases over the five years and excluding bank fees like account fees or account manage fee or setup a loan fee.
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