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0% till May bill - so when do i start getting charged interest?
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[Deleted User]
Posts: 0 Newbie
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?
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?
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Comments
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It's likely to be neither. Doesn't it mention the date of the end of the 0% period on your last statement.Conjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0 -
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!!0
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It is MBNA - does that mean the day after the statement I start paying interest?
It actually says 0% until your may statement.0 -
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.0
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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."A child of five could understand this. Fetch me a child of five." - Groucho Marx0
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