We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Clearing a 0% balance

Fairzo
Fairzo Posts: 385 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
I'm just approaching the end of my Tesco Clubcard CC 0% on purchases deal and have paid off the outstanding balance by the due payment date (6th July). The next statement date is the 15th so if anything is charged to the account between now and the 15th will I incur interest, either on the individual item or, worse, the average balance over the month?

I'm not intending to charge anything to it but have overlooked the final of three payments on a wine order which could be taken around 15th / 16th. It's only £18.99 so would be a bit irritating to be charged a wad of interest on it.

Thanks for any thoughts.

Comments

  • Curt.
    Curt. Posts: 364 Forumite
    No, if the purchase is made between then you would still have the standard 50+ days to pay it off interest free before the next payment is due...(Presumably after the 7th of August).

    If you are worried you will have to pay interest on all the transactions during the promotional offer then God no...and no interest anyway so long as you have paid it off within the montly cycle date of your exacte date of activating the card.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.