Vanquis - Cash Interest warning.

Nickitree30

I'd like to say thanks for posting this ScottRose, although I did read my T&Cs the language banks and credit card companies use tends to bamboozle me and I don't really take it in so found your post to be very helpful. It's not that I'm not intelligent ( although would that be such a crime? ) but it has taken me a long time to face up to anything financially related at all, hence my having a Vanquis card in the first place.
So far as a newbie I have tended to 'lurk' on the forum but wanted to post you some support and say thanks for answering a question I had wondered about.

oscar52

stebiz wrote: »

Just checked with Barclaycard and it doesn't apply.

http://www.barclaycard-bw.com/media/bw_tc_cards_v1,4556,1.pdf

and neither with MBNA (Just 1 month)

https://www.mbna.co.uk/apply/UKCCapp/Ctl/link?eid=FFA53196

The MBNA kink above is broken, however, MBNA do charge interest over two months if the account hasnt been cleared in full at every statement(or at least the most recent previous statements). This is because, as izools has pointed out, they charge interest daily. Therefore on the second statement (or final statement in some cases) there will be a small amount of interest. This will have accrued from when the previous statement was printed (1st of the month for arguements sake) until the balance was paid (say 10th of the month)

eschaton

star-fire wrote: »

Unfortunately you are right,there are to many arrogant people floating about these threads who think they know everything about the financial world,well the answer is the majority of them have f*cked up there credit b4 now got out of a mess and think they have a right to then judge other people..

Perfect credit track record and always has been.

It isn't hard if you do what you are supposed to do.

Wutang_2

jimmylesaint wrote: »

was someone quoting"jeez" with a name like wutang ???

Whats wrong with my name Jimmy lad?

You're getting personal - born with it, can't help it.

I was just having a dig at the original pointless, almost childlike post.