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Building A Report

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  • Dobbibill
    Dobbibill Posts: 4,199 Ambassador
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Name Dropper
    tomxlisa wrote: »
    Just a quick question about interest while we are talking about paying in full every month, if i don't pay back in full is the interest added to the outstanding balance or do you not see the interest amount on the statement, also if i don't pay off the balance in full, then i know i would pay interest on that balance but what about any new purchases, would they still be interest free until the next statement date?.

    Found this on the Capital One website for you here
    If you do not pay off your balance in full each month, you will be charged interest on the amount remaining on your account. Check your credit card agreement to make sure you know how much you will be charged.

    Also found this here on their website, which answers your question.
    Maximum of 56 days for purchases where the balance is paid in full every month

    HTH
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  • tomxlisa
    tomxlisa Posts: 578 Forumite
    Tenth Anniversary 500 Posts Name Dropper Combo Breaker
    So basically you have to pay it off in full every month to remain interest free?, what if you don't pay the balance in full does the interest get added to the outstanding balance so say if my outstanding balance is £100 and the interest for that month is £50 would that interest reflect my outstanding balance so it would be £150 now, and so on every month until I clear the balance and escape the interest?.
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