Interest free on purchases

StuC75

be carefull with the weekly payments, as its possible that not enough with be received within the statement period.

As with most statement periods the Due date can be about a week before the next statement date, e.g. statement date 28th , Due Date 21st..

If in the month you pay (Assume this is date they CREDIT this to the account):
1st - 10
8th - 10
15th - 10
22nd - 10
29th - 10

So youve paid £50 in the month, but..
Only £30 was paid before the Due Date.
£10 was received after the due date - but will count towards that statement.. and the last £10 actually goes towards the next months statement amount..

If the minimum payment was over £30 then youve potentially got a late payment charge (£30 was on time - £10 was 'late')..

Late payments then result in the promotional rate being withdrawn..

More sensible is for a Monthly Direct Debit for the minimum amount - cards such as MBNA \ Virgin then allow additional payments as and when you want..