You do not need to pay interest on a closed credit card, unless there is still a balance on the account.
It is a common misconception that people think they get assessed interest on a closed card, because even though they've called to close the account, the credit card company has yet to close it before the existing balance is paid off. That's because the terms of your credit card agreement are still in effect, which means you're responsible for paying your bill. Therefore, interest will still be charged on your outstanding balance until it gets to zero.
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