Interest Charges


I need some advice about barclaycard platinum interest charges on purchases.

I completed a balance transfer with barclaycard and interest charged on that is fixed at 5%.

I have been spending still each month on the card, and have been paying off all of my purchases each month + £300 to clear the debt off.

My question is, if I am off all my purchases should I be being charged interest on both my purchases and balance transfers?

As an example in August my statement was as follows;

Previous balance £5161.03
Purchases £ 1846.42
Payments received £ 2147.00

However i was charged interest as follows;
Interest On Your Standard Balance £23.23
13 Sep 13
Interest On Your Transfer to Bank £15.22

Is this correct, should I be charged interest on both?




  • [Deleted User]
    Yes. Interest is only waived if you clear your balance in full.
  • jonesMUFCforever
    I agree - you do not get up to 56 days interest free on purchases unless you clear your balance every month.

    IMO it is never a good idea to mix balance transfers and purchases on the same card.
  • MK55
    MK55 Posts: 286 Forumite
    Yeah, first time I've done it. I won't be doing it again! :(
  • MK55
    MK55 Posts: 286 Forumite
    The only thing confuses is me, in the last 5 months since the balance transfer 3 months have had interest charged on standard purchases, 2 have not which was august and june and I cannot understand the difference, oh well have contacted them via e-mail see what response I get.
This discussion has been closed.
Meet your Ambassadors


  • All Categories
  • 343.8K Banking & Borrowing
  • 250.3K Reduce Debt & Boost Income
  • 450K Spending & Discounts
  • 235.9K Work, Benefits & Business
  • 609K Mortgages, Homes & Bills
  • 173.4K Life & Family
  • 248.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards