Barclaycard CC query

1trainer1

I have a query that I hope is not too confusing but is bugging me and im not sure if i am right or wrong.

I had £500 outstanding on my October statement,I paid £300 off my account so got £200 left on account, they charged me interest at £9.67 so in my November account i got a statement for £209.67 which I have paid in full and now I have recieved a statement for my December statement asking for £3.35 which is interest.

I am under the impression that I paid the november Balance in total I should not have any interest in my December bill ( I have not spent anything more on the card) but they tell me that because I didnt pay my balance the month previously then that is where the interest I am paying for now

thriftymomma

Yes you have to clear a balance for two consecutive months before the residual interest stops! Hope that helps.

darcyvuqua

as above this is the case

1trainer1

Damn....

I was hoping I was right, if i clear the balance again this month then it will be cleared and I shoudl not get any interest on the account?

Im going to start up a DD to make sure this thing never happens again

NickX

1trainer1 wrote: »

I was hoping I was right, if i clear the balance again this month then it will be cleared and I shoudl not get any interest on the account?

Im going to start up a DD to make sure this thing never happens again

Your initial assumption was incorrect, but you are right in that you will not be charged any further once you settle this residual interest.

The DD is an excellent idea. Have a fantastic 2009 :beer: