Not necessarily. You decide if you want your credit card to be paid off at the end of the month, repaying all the credit you have drawn during the settlement period agreed. So at the end of this period, you will not pay interest (0% NIR, 0% AER). However, if you opt for repayment by instalments or choose to change your card's standard repayment method to deferred payment, you will pay the associated interest. This allows you greater flexibility of payment. as you will repay the credit you use through monthly instalments of the amount you choose, instead of paying the total amount. 7