0% till May bill - so when do i start getting charged interest?

[Deleted User]

OK. So my bill comes in May.

Am I OK to avoid any interest if I pay off in full before the payment date quoted on my May statement? Or does interest start to accrue from the statement date?

Paul_Herring

It's likely to be neither. Doesn't it mention the date of the end of the 0% period on your last statement.

twist-and-shout

It depends on the company. Cards under the MBNA group with any promotional rates will end on the statement date. Just ring the company and ask them!!

[Deleted User]

It is MBNA - does that mean the day after the statement I start paying interest?

It actually says 0% until your may statement.

twist-and-shout

Yes so for example if your statement is printed today and the 0% is not cleared then you would accrue interest daily from tomorrow until the balance is cleared.

CannyJock

Don't leave it till the last minute - better to lose a week's interest on the stoozed money for the peace of mind IMO.