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Help!
KGx
Posts: 9 Forumite
Hi, I made the first purchase on my tesco 0% purchase credit card...
Its showing my minimum payment to be 0 and by the 31 dec..
I made an order on the New Look website on the 28 and I just checked my online account and have noticed it says this
Current Balance: £46.99
and then it says what day I purchased the items and description as new look.... then it has 2 headers... 1 as Debit and one as Credit....
Description Debit Credit
NEW LOOK £46.99
It's listed underneath the debit heading why is this??? As it is a 0% purchase card for 16 months I thought I would have that amount of time to clear, it PLEASE HELP!
Its showing my minimum payment to be 0 and by the 31 dec..
I made an order on the New Look website on the 28 and I just checked my online account and have noticed it says this
Current Balance: £46.99
and then it says what day I purchased the items and description as new look.... then it has 2 headers... 1 as Debit and one as Credit....
Description Debit Credit
NEW LOOK £46.99
It's listed underneath the debit heading why is this??? As it is a 0% purchase card for 16 months I thought I would have that amount of time to clear, it PLEASE HELP!
0
Comments
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It's showing as a debit because that is what you spent. Your statement will tell you your min payment.0
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Thank you very much, sorry for newbie question! wasn't sure as it said a balance but no minimum payment yet, so wasn't sure if I had to pay it straight away...
I was wondering what an estimated minimum payment would be for £1300 (flights) on to my credit card? How much would I roughly pay per month on the tesco credit card? (on 0%)0 -
The minimum payment calculation is shown in both your summary box and T&Cs.I was wondering what an estimated minimum payment would be for £1300 (flights) on to my credit card? How much would I roughly pay per month on the tesco credit card? (on 0%)
If you're new to credit cards I'd suggest reading at least the summary box, and preferably the T&Cs too.0 -
agreed, and your first statement should make it clear.0
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Thankyou, Sorry just needed a little bit of help. Thank you for clearing it up.0
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This is one of the advantages of a credit card, if you know your statement date and pay the balance in full.
Say your statement date is the 3rd of each month.
Balance £0 2 February.
Purchase of £500 2nd February.
Balance £0 on 3rd February statement, so no payment required.
Balance £500 on 3rd March statement and you have until mid-late March to pay it off with no interest.
I.E you can get roughly 50 days interest free.
The only thing to remember is you must start with a zero balance.0
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