Sub Prime Credit Thread Part III

seeya23

good afternoon to all

skylight

skylight wrote: »

Right.

((coughs embarrassingly....))

How does the interest actually work???? I have checked over Martins guides etc but cannot find anything that explains it.

So. My Vanquis card is 39.4%. What does that actually mean???? How is my interest calculated on my card??? If I spend on it and pay it before or in full from the statement then there is no interest, but if I pay the minimum there will be interest next month; but how is this calculated???

Posted this on the Vanquis thread. Can someone help?

seeya23

you get 56 days interest free days then after that you pay interest

seeya23

Our Visa Card comes with these great benefits:

• No annual fee
• A credit limit assigned at a fixed amount to help you stay in control
• Up to 56 days interest free on purchases
• Free additional cardholder
• Free fraud monitoring - we'll warn you of any suspicious activity on your account
• Chip & PIN technology for added security whenever you use your Card
• Visa is widely accepted in the UK and abroad
• Convenient for paying online and over the phone
• Friendly UK call centres

Brian1966

skylight wrote: »

Posted this on the Vanquis thread. Can someone help?

Answered you on the Vanquis thread :beer:

seeya23

good evening to all

cifpower

Evening. My arms are a tad red!

TheEffect

Now upgraded to HSBC Plus. Also, I asked what my behavior score was and they said my internal score with HSBC was 53. Is that good/bad?...

seeya23

TheEffect wrote: »

Now upgraded to HSBC Plus. Also, I asked what my behavior score was and they said my internal score with HSBC was 53. Is that good/bad?...

well done :beer::beer:

cifpower

As it ranges from 0-100 its average. Not good but not bad either.