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Aqua reward minimum interest
Grade_A_Reject
Posts: 805 Forumite
in Credit cards
I was forced to use my Aqua Reward card for a cash withdrawal on Boxing Day as my debit card developed a fault and wouldn't work in ATMs.
The withdrawal (and £3 cash advance fee) have appeared in the online statement now and I have just completely cleared the card balance so theoretically the interest on £100 for a couple of days should be pennies even at thirty-odd percent.
I know some card providers charge a minimum interest amount of 50p or so but I can't see anything in the Aqua T&Cs to state that they do.
More an accademic question than anything as 50p isn't going to send me spiraling into debt but does anyone know if Aqua do have a minimum interest charge?
The withdrawal (and £3 cash advance fee) have appeared in the online statement now and I have just completely cleared the card balance so theoretically the interest on £100 for a couple of days should be pennies even at thirty-odd percent.
I know some card providers charge a minimum interest amount of 50p or so but I can't see anything in the Aqua T&Cs to state that they do.
More an accademic question than anything as 50p isn't going to send me spiraling into debt but does anyone know if Aqua do have a minimum interest charge?
"A nation of plenty so concerned with gain" - Isley Brothers - Harvest for the World
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Comments
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If you keep on doing what's you've always done, you'll keep on being what you've always been...:think:0
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I don't think they do, just 3% min £3 + interest from date of withdrawal.0
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