First credit card with bad credit??

Ksilvers

I have a very low credit score due to jst coming out of a 4 year debt plan and have been told to get a credit card to make little spends on to pay bk in full each month to build my score back up. i have done martins eligibility calculator which says i have a good chance of getting the barclaycard initial. The apr (although the lowest of all offered) is a very high 34.9% now this is where i start getting confused, is this the amount added onto each monthly balance? If i pay The whole balance each month will it always have that percentage put ontop? what if only the minimum payment is made each month, is that percentage added to that minimum payment or onto the whole balance, every month?
If someone is able to explain all this too me id be most grateful! And if u want to dumb it down a little for me i wont be offended 😄
Thanks in advance
Kerris

phild145

Kerris

If you pay the full amount off each month you will not pay any interest. If you only make a partial payment then you will pay interest based on the balance you have left

grumbler

phild145 wrote: »

If you pay the full amount off each month you will not pay any interest. If you only make a partial payment then you will pay interest based on the balance you have left

It's worth clarifying that interest is waived on purchases only. Cash advances don't qualify for this.

Ksilvers wrote: »

If i pay The whole balance each month will it always have that percentage put ontop?

No percentage added if you use the card for purchases only and pay in full.

what if only the minimum payment is made each month, is that percentage added to that minimum payment or onto the whole balance, every month?

To (balance)-(payment). With 35% you really don't want to get any interest added. So, you don't want use ATMs and do want to pay the statement balance in full and in time.