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Compounded interested charged on Vanquis credit cards!
Mips
Posts: 19,796 Forumite
in Credit cards
Is this normal?
:cool:
0
Comments
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Dippychick wrote: »On all credit cards?
Yep.
That's why it is strongly advised to clear your card every month. :jWe’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com0 -
Dippychick wrote: »On all credit cards?
Interest is charged on the outstanding balance, not the original purchase alone.
Clear the outstanding balance each month and you incur zero charges.never eat yellow snow0
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