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0% on purchases if only statment is paid off in full???

Pokeher1
Posts: 7 Forumite
in Credit cards
Sorry just need some clearing up. Just got my 1st credit card and I have 3 months interest free on purchases. I noticed it said that to get the interest free period the statement must be paid off in full. Does that include the intro offer of 3 months at 0%?
e.g. If i had £2000 on my credit card and used £1000 in the 1st month for purchases. Do i need to clear the £1000 at the end of the month before buying anything more at interest free? Guessing once the 3 month intro offer is over and I get the 50 days interest free that has to be paid off in full each month?
Sorry it's probaly simple answer but still confusing me...
Thanks for your help
e.g. If i had £2000 on my credit card and used £1000 in the 1st month for purchases. Do i need to clear the £1000 at the end of the month before buying anything more at interest free? Guessing once the 3 month intro offer is over and I get the 50 days interest free that has to be paid off in full each month?
Sorry it's probaly simple answer but still confusing me...
Thanks for your help
0
Comments
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You get 0% on purchases for the first 3 months only. After this point any outstanding balance will accrue interest at the standard rate.
Anything you buy for the first 3 months will be interest free regardless of the outstanding balance. Interest on the balance only commences from that point. You will not get 50 days interest free credit on any outstanding balance. In fact unless you time you purchases very carefully you will not get 50 days at all.
The 50 interest free days is based upon you buying the day after one statement date and paying it off by the due date on the next statement.0
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