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Paying balance off in full each month
hugoagogo_2
Posts: 13 Forumite
in Credit cards
I've just switched my credit card to automatically pay off my balance in full each month. However, I have a question - what would be the likely cut off date for the balance which is to be paid off?
I'm not sure I'm phrasing that very well, but by way of example - if my account is debited on the 1st of each month, what would be the date of the last transaction which was included? Could I buy a widget on the 31st and it not be included, or the 25th, 15th?
I seem to remember some blub about fifty something days interest free in the past.
I'm not sure I'm phrasing that very well, but by way of example - if my account is debited on the 1st of each month, what would be the date of the last transaction which was included? Could I buy a widget on the 31st and it not be included, or the 25th, 15th?
I seem to remember some blub about fifty something days interest free in the past.
0
Comments
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Anything post (on potentially on) the date the statement is produced would not be due until the min payment date on the following statement,0
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Thanks - thats annoyingly obvious
It helps me budget a lot. Thanks again.0
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