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Best Time Of Month To Make CC Regular Payment
pan111
Posts: 90 Forumite
in Credit cards
Ive BT'd a loan through my Egg Money CC and the balance is now sitting in a long term low interest Barclaycard CC.
What time of month is the interest calculated by Barclaycard? Is there a "best time" to make my regular payment, so perhaps I can save something on applied interest?
What time of month is the interest calculated by Barclaycard? Is there a "best time" to make my regular payment, so perhaps I can save something on applied interest?
0
Comments
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Unfortunately there is not a best time with Barclaycard.
Barclaycard now calculate the interest on the basis that the payment is applied to the account on the date that the next statement is produced even if you have paid early. So they charge you the interest on the full payment cycle irrespective of when during the cycle you actually made the payment.
This negates any benefit of paying your bill before the Due Date :mad:0
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