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Barclaycard interest question
gallaghb
Posts: 111 Forumite
in Credit cards
Hi, I have just finished paying off my barclaycard.
My last statement on 9th Jan was just £12.63 of interest for the last month, as I finally paid the thing off. I haven't yet paid the £12.63, but will do obviously before payment date.
My question is if I spend £60 on it this month, will they charge me interest on that spending on my 8th/9th Feb statement? I will pay it in full after the Feb statement.
I read somewhere a while ago that if you have had debt on it which you've been accruing interest on you have to pay 2 balances in full before it becomes a case of it being interest free so long as you pay statements in full.
Is that the case here?
Thanks!
My last statement on 9th Jan was just £12.63 of interest for the last month, as I finally paid the thing off. I haven't yet paid the £12.63, but will do obviously before payment date.
My question is if I spend £60 on it this month, will they charge me interest on that spending on my 8th/9th Feb statement? I will pay it in full after the Feb statement.
I read somewhere a while ago that if you have had debt on it which you've been accruing interest on you have to pay 2 balances in full before it becomes a case of it being interest free so long as you pay statements in full.
Is that the case here?
Thanks!
0
Comments
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Fairly sure that is correct, because you will have some 'lagging' interest.0
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