Virgin credit card interest charges

moneybuster

Today i found out how virgin calculate there interest and January has 33 days of interest to accumulate ? but only 31 days in the month anyway Did BT and halved the interest from 15.9% to 7.9% life of balance, so stuff virgin.

Get rid of Virgin credits ASAP


Regards Moneybuster

withnell

Well that will be because of the statement date in January being 33 days since the December one....

exel1966

Virgin cards are some of the best available !

Maybe a little more understanding of how cards actually work would change your mind. 15.9% to 7.9% doesn't sound very good at all considering the number of cards offering long 0% offer periods.

moneybuster

withnell wrote: »

Well that will be because of the statement date in January being 33 days since the December one....

Not at all the staement date in Jan was not 33 days ago it's worked out monthly ? still 33 days in jan????

Regards Moneybuster

moneybuster

exel1966 wrote: »

Virgin cards are some of the best available !

Maybe a little more understanding of how cards actually work would change your mind. 15.9% to 7.9% doesn't sound very good at all considering the number of cards offering long 0% offer periods.

0% fr 6 months as opposed to 7.9 for life of balance, all the 0% cards run right passed the 7.9% marker when the 6 months is up, so what then, change again, at the moment i am flooded with offers at 0% (think not) i know what you are trying to say but if you could show me 0% for life of balance the i would jump at it .....lol


Regards Moneybuster

TFD_2

moneybuster wrote: »

Not at all the staement date in Jan was not 33 days ago it's worked out monthly ? still 33 days in jan????

Regards Moneybuster

This sounds a bit tricky for you. So get a calendar. Get a crayon and draw a 0 on the date when the December statement came through. Then draw a 1 on the next day. Then a 2 on the next day. Then a 3.... etc. When you come to your January statement date that will be 33 days later!

Weekends and bank holidays cause statement dates to vary slightly.

moneybuster

TFD wrote: »

This sounds a bit tricky for you. So get a calendar. Get a crayon and draw a 0 on the date when the December statement came through. Then draw a 1 on the next day. Then a 2 on the next day. Then a 3.... etc. When you come to your January statement date that will be 33 days later!

Weekends and bank holidays cause statement dates to vary slightly.

OK so get your calender and pencel and tell me why there are 32 intrest days in Febuary

Regards Moneybuster

TFD_2

moneybuster wrote: »

OK so get your calender and pencel and tell me why there are 32 intrest days in Febuary

Regards Moneybuster

I assume you mean pencil, but without the details of your statement dates that would be tricky to answer.

moneybuster

So we have a sucker punch at spelling get a life , well i have ditched virgin and i am very happy with the other provider.

Regards Moneybuster

TFD_2

moneybuster wrote: »

So we have a sucker punch at spelling get a life , well i have ditched virgin and i am very happy with the other provider.

Regards Moneybuster

Well done.