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12 month 0% free only 50 weeks free
lorrishere
Posts: 15 Forumite
in Credit cards
I have a 0% Credit Card which I opened 50 weeks ago and with it being advertised as 12 months at 0% interest silly me thought the 0% interest would end exactly 12 months after applying for the card (I kept a note of the date I applied) and that they would only start charging interest after this. No this in not the case: interest is being charged from week 50, because they are using the statement date as the cut off date - I would have thought that should mean they should advertise the card as up to 12 months at 0% as depending on your statement date it may not work out at 12 months. Also I have never received anything in writing advising the date when the 0% period finished - is this normal practice?
0
Comments
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I guess nobody else has come again this? Or did I post in the wrong place?0
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It is common practise for lenders to use statement date as a cut off for promotional offers.0
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