Clearing balance on Aqua card

robti

Hi what would the best way to clear an outstanding balance on an Aqua card so that there is no balance left when the next statement comes in.

Reason for asking I let my daughter run up a bill on it ( all amount owning are hers) and now she is in a position to repay it all, what I read is that if I repay the balance owning on my statement there may be a small amount left between the statement date and me paying into the account, so what would be the best way of clearing this ?

Thanks

grumbler

It's almost impossible to avoid the trailing interest, although you can try to call them to get the exact figure on some business day and pay by a bank transfer that normally clears the same day.

What I would do is pay a little in excess thus putting the card in credit to cover the later interest. Then, after a statement is issued make a purchase bigger than in-credit balance and pay the next statement balance in full.

boo_star

robti wrote: »

Hi what would the best way to clear an outstanding balance on an Aqua card so that there is no balance left when the next statement comes in.

Reason for asking I let my daughter run up a bill on it ( all amount owning are hers) and now she is in a position to repay it all, what I read is that if I repay the balance owning on my statement there may be a small amount left between the statement date and me paying into the account, so what would be the best way of clearing this ?

Thanks

If you pay it off in full before the due date there won't be any interest.

But I do mean in full.

If there was an outstanding balance from the previous statement of say £5 and your daughters purchases were £100, you would have to pay the full £105 (plus any interest accrued from the previous statement) to clear it. But there would still be trailing interest on the £5 (just not on the £100)

I hope that makes sense.