Credit Cards & Interest even when paying off card every month

mumbles27

but i am paying off everything they ask me to pay in each monthly statement, ontime, so how do i get interest?

Any

mumbles27 wrote: »

hi Any

take my example..

my june statement is £100 to pay
when i log on to pay it, another £10 has appeared on the total bill, not on the june statement, but to be added to the next july statement, but i see it in the running total of the account
so my balance is £110 at this point.
when i go to pay my £100 as asked, how do i know its paying the £100 asked for in the june statment?

i have been though this with MBNA. Unsurprisingly they dont understand what i am asking. They also cant tell me why i have interest on purchases when i am paying off the exact amount they have asked me on each statement. I think they are wrong. They dont know why they are charging me interest. They have said that i must pay it off in full when asked. I am. My only thought is that when i pay it off when asked, there is then more on the card and its that younger debut i am paying plus some of my statement amount asked for by mistake?

make any sense?

Yes, now it does.
If that is true then they are wrong.
As long as you pay off purchases as and when asked (ie statement) they shouldn't be charging you.

Sure you didn't take out any money or bought foreign currency or something?

YorkshireBoy

You say the call centre "unsurprisingly" didn't understand you. We're having trouble extracting relevant information from you as well.

Still waiting for an answer to these questions:

How long have you had the card?

For how long has interest been added?

lisyloo

Does it though?
OP says they "pay off every month"...the inference being in full and always.
We need to find out when interest started being charged...and why

Ok, I was assuming there was some genuine interest at one point, and this is a "residual" interest problem.
We need to understand how it started.

Sure you didn't take out any money or bought foreign currency or something?

mumbles - are you certain you didn't purchase anything which could be construed as cash - foreign currency, on-line gambling, on-line betting, vouchers even?
Sometimes it does come as a suprise as to what is considered as "cash".

mluton

Cant you skip a month without spending on the card, pay off the balance for 2 months.

Then start over, at least you will know you are not paying any interest.