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Basic Credit Card Question
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jjsimcox
Posts: 21 Forumite
in Credit cards
Hi, I'm thinking of applying for a credit card that promises:
0% on purchases for 13 months
Just a general point, but does this mean that I can purchase (up to the credit card limit) whatever I want and as long as I pay the full balance back within 13 months then I won't incur any interest or other charges? Thanks for any opinion.
P.S. I assume I'd still have to pay the 1% (or whatever it is) of the outstanding balance each month - the minimum monthly payment - or incur charges?
0% on purchases for 13 months
Just a general point, but does this mean that I can purchase (up to the credit card limit) whatever I want and as long as I pay the full balance back within 13 months then I won't incur any interest or other charges? Thanks for any opinion.
P.S. I assume I'd still have to pay the 1% (or whatever it is) of the outstanding balance each month - the minimum monthly payment - or incur charges?
0
Comments
-
Broadly speaking, yes, that's correct.
Be sure to check when the 13 months actually ends though.0
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