Pay bill or pay in full

sadia85

Hi I have a question regarding the credit card bill - I have received my statement for this month and it's £400 I have to pay back by the 13th July, today I used further £100 so all together it's £500. Question is what would be the best option to pay the bill. Should I pay the bill or full upto date amount.

Secondly how can I find the pre-approved offers in my Halifax account, it's not showing up since they have changed the online interface.

Cheers

paulmcerlean

If anything is pre approved it will show up in the my offers section of the account overview screen. There will be no section if you have no offers.

Regarding the bill, obviously paying in full will avoid interest charges and so is the best option unless you are in an interest free period.

CLAPTON

you need to pay the STATEMENT balance in full to avoid interest... in this case the 400 before 13th July. There is no need to pay 'this' months spending until you receive the next statement.

bengal-stripe

sadia85 wrote: »

I have received my statement for this month and it's £400 I have to pay back by the 13th July, today I used further £100 so all together it's £500.

Your CC bill of £400 was compiled on (let’s say a date) the 20th of this month. The further purchase of £100 was booked thereafter, so it will appear on the statement compiled July 20th. So, this money is not due next month, it (and other transactions to come) will be due mid-August.

Your current statement is due to be paid by July 13th. It’s up to you to pay either the full balance, the minimum or anything in between. (If you do not pay in full, interest will be charged on the next statement.)