Interest charged after settlement of CC?

crossjan

Hi does anyone know why banks charge interest against a cc the month after a balance has been settled as I am baffled about the reason for this?

[Deleted User]

Becuase your balance has attracted interest from when your statement was produced to when you eventually paid it off.

CLAPTON

to stop interest on the CC you need to pay the balance in full for two consecutive months

bengalknights

It will clear after two payments

crossjan

Thanks for your helpful comments. I was of the opinion that by settling in full by the due date that no more interest would be added; as you all say you acrue interest during the last month. Sorted!