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Balance Transfer End of promotional period
honeybun16
Posts: 139 Forumite
in Credit cards
Hi can someone please advise me what happens at the end of the promo period on a balance transfer,
Do they add the months of 0% interest on to the top if you have not cleared the balance or do they just start charging you interest on the current remaining balance? so if I have managed to pay off 95% of the original would i only get charged interest on the remaining balance or would i get hit with backdated interest?
Do they add the months of 0% interest on to the top if you have not cleared the balance or do they just start charging you interest on the current remaining balance? so if I have managed to pay off 95% of the original would i only get charged interest on the remaining balance or would i get hit with backdated interest?
2 adults 4 children Eldest 14 yrs old youngest 1yr old,
Total Credit July £38K Aug £37K Sept £37K Oct £33K Nov £26K Dec £60K May £56K Nov £52K Apr £21K :eek:
What most people need to learn in life is how to love people and use things instead of using people and loving things
Total Credit July £38K Aug £37K Sept £37K Oct £33K Nov £26K Dec £60K May £56K Nov £52K Apr £21K :eek:
What most people need to learn in life is how to love people and use things instead of using people and loving things
0
Comments
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They would only start charging interest on the outstanding balance it is not back dated0
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Thank you for the information,2 adults 4 children Eldest 14 yrs old youngest 1yr old,
Total Credit July £38K Aug £37K Sept £37K Oct £33K Nov £26K Dec £60K May £56K Nov £52K Apr £21K :eek:
What most people need to learn in life is how to love people and use things instead of using people and loving things0
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