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Barclaycard's '0% forever' (old deal)
Milarky
Posts: 6,356 Forumite
[This is about an offer which is no longer available from BC but the card will be held by many members here:]
A small point occurs about the 0% LOB card from Barclaycard. I always assumed that I would pay it off entirely once the standard rate balance (minimum purchases plus rolled up interest) was just equal to the amount of interest generated by the remaining 0% balance.
I will still do this but what I overlooked was that if (and when) you clear the whole balance you won't pay any purchase interest that month - provided you do so by the same 'due date'. Currently Barclaycard advises:
This could be worth a few extra pounds ... a small bonus!
A small point occurs about the 0% LOB card from Barclaycard. I always assumed that I would pay it off entirely once the standard rate balance (minimum purchases plus rolled up interest) was just equal to the amount of interest generated by the remaining 0% balance.
I will still do this but what I overlooked was that if (and when) you clear the whole balance you won't pay any purchase interest that month - provided you do so by the same 'due date'. Currently Barclaycard advises:
(i.e. no mention of clearing previous months' purchases....)Barclaycard_Summary_Box wrote:Interest free period Maximum of 56 days for purchases if you pay your balance in full and on time...
This could be worth a few extra pounds ... a small bonus!
.....under construction.... COVID is a [discontinued] scam
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