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help and guidence
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clump2
Posts: 1 Newbie
in Credit cards
Hi all My first post
Is there a credit card out there that you only pay interest on what you owe.
i owed £1500 and payed off within the time £1400 is there a card that i would only pay interest on the £100 difference rather than on full months money £1500.
pls help as i just got a shock.
Is there a credit card out there that you only pay interest on what you owe.
i owed £1500 and payed off within the time £1400 is there a card that i would only pay interest on the £100 difference rather than on full months money £1500.
pls help as i just got a shock.
0
Comments
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no - in effect you are "let off" paying the interest if you pay off in full, otherwise you are charged from the day of the transaction. cc companies would never make any money if they went with the conditions you suggest - you borrow money, they expect to be paid interest on it. dont forget that if you are unable to pay in full pay as much as you can as early as possible, as you are only charge interest over the time you have borrowed.0
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