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Balance Transfer Advice ....Tescos
LULULU1
Posts: 462 Forumite
in Credit cards
My statements run from 27th of the month each month. If I transferrred a balance of £5000 from Tescos to another card and I then paid the full balance of my account off by 23rd February when my payement is due, Would I be charged any interest or fees.
Many thanks
Many thanks
0
Comments
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If you took up a special offer there may well be a charge of between 2.5% and 3%. If you use standard rate, I don't think there's any interest free period on balance transfers so you'd incur interest.0
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Correct - no interest free period on balance transfers. Even if you paid it in full . there would be interest charged on the following statement.0
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