CC How long before interest is normally charged

metrobus

I have only ever used a debit card or cash.

However I have thought it best to pay for a airline ticket with a
Lloyds mastercard due to the insurance it offers and the flight is not
for another 6 months with a smaller airline so I do not want to risk
my cash should the airline go through.

I paid today, how long would it normally be before I was charged interest
on this "credit " payment by Lloyds ?

Thank you

Rob71

That depends on the card, but wait for the statement and pay it off in full before the payment date shown (allow time for the payment to clear), and you won't be charged interest.

HTH

metrobus

So ill get a statement before they start charging interest ?

If thats the case I may aswell just wait for the statement.

cifpower

You do not get charged interest if you pay in full every month. Your statement will tell you by what date payment must be made.

lpp1980

metrobus wrote: »

So ill get a statement before they start charging interest ?

If thats the case I may aswell just wait for the statement.

Doesn't sound like you know too much about credit cards.

When you receive the credit card statement, it will have a statement due date. As long as you pay the FULL balance by this date you won't pay ANY interest. Don't withdraw any cash on the card like you would your debit card, as you'll incur cash advance fees and interest.

I understand using a credit card for the section 75 protection etc, but just beware of the charges and losing track of things. If your not sensible, they can get out of control. You don't want to go there.