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0% purchases question

al4x
al4x Posts: 79 Forumite
Part of the Furniture 10 Posts Combo Breaker
just to get this straight in my head, first cc

my first cc has 0% on purchases till 04/2010 does this mean i can make the minimum payment on my card until then and use up to my credit limit?

so the cc company is lending me 1000 [limit] for 9 months?

this is just to make sure i dony make an error

Comments

  • Phantom_Flan_Flinger
    Phantom_Flan_Flinger Posts: 2,794 Forumite
    edited 12 July 2009 at 8:27AM
    Basically yes, but you have to be aware of the interest payments you'll have to pay on a maxed out card once the interest free period runs out.

    Also be aware that if you're at your limit come the end of your period and you still only pay the minimum, the interest charge may take you over the limit and you could incur further charges.
    Dave. :wave:
  • al4x
    al4x Posts: 79 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    thanks, i wont max it out, was just making sure thats the principle,
    plus ill keep enough in my debit card account to cover it always

    thanks given, :)
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