We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

First credit card newbie questions

xkpa
xkpa Posts: 144 Forumite
Seventh Anniversary Combo Breaker
Hi there. I finally received my Aqua Classic credit card with £250 limit - which is perfect for build my credit history. I got a few questions and I will appreciate some advices from other cc holders.

My first statement date is set to 22nd of May, which means that my payment due date will be around 10th of June.

If I make purchases after 22nd of May, does it means that those transactions will be carried over my next statement and I must pay them around 10th of July?

Thanks in advance

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    any purchases made after the statement is produced will appear on the following statement

    you need only pay the statement balance (22nd May) by 10th june to meet the T&C and to avoid paying any interest.

    make sure you don't exceed the credit limit (maybe keep below 200) and pay in full every month to avoid interest (maybe set up a DD to pay in full)
  • Anthorn
    Anthorn Posts: 4,362 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Double check the payment due date since with Aqua the time between the statement date and payment due date is usually pretty short. Agree with the foregoing post: Purchases made after the statement date go on the next statement.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 247K Work, Benefits & Business
  • 603.6K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.