Aqua Card Interest

biged670

Hiya guys I've just been accepted for an aqua card and was wondering how the interest worked exactly? Say for example I spent £100 in a month and cleared that in full when I got the statement would I still pay the 35% interest back on that therefore paying £135??? Or will I just pay the £100 if I pay it in full???

Cheers guys

izools

With the APR on the card, DON'T spend more than you can afford to repay in a month.

Capital One Classic / Aqua / Vanquis are there for one purpose - to build up a credit rating - NOT to borrow money.

As long as you settle the full statement balance each month (and you will, because you're sensible) you'll never pay a penny interest.

Unless you use the card for cash withdrawls, but agian, you won't do that, because you're sensible

biged670

Cheers for the advice... will definitely pay in full just wondered if I would still have to pay the interest

izools

Ah sorry, should have just given a short answer instead of giving you a lecture!

Sorry, there's just so many people on here who take out a Vanquis / Cap 1 Classic / Aqua card, rack up a huge bill, and come crying when they realise how expensive the interest is... and we'll have told them all along!

Credit card companies don't charge interest on purchases if the bills are settled in full

biged670

Lol your fine honest I appreciate the advice.... thanks for your help