I am not sure how relevant John's essay is to Mr Red as Kansas isn't in the United Kingdom. The three/five day cycle for credit clearing is nothing to do with the credit card companies, it is standard for all inter bank credit transactions in England. There are variations in the way in which different issuers calcualtye interest but all the cards that I have held over the years have been totally up-front about this. You need to compare the terms and conditions of card issuers carefully depending on your inteded pattern of usage.
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