Aqua advance - no interest free period?

heyitsroth

Just signed up for an aqua advance card, got a 44.9% APR so I don't think they thought that much of me

But I couldn't find any mention of the interest free period for purchases in the T&C's - is it possible that I don't have one, or do they decide that later along with the credit limit?

If I don't have one does that mean that any purchase I make on the card will incur interest, even after one day? And if I don't make purchases on it will that mean my credit score won't improve, or is just owning a CC enough for that?

The only other thing I wanted it for was to hire a car, since they all seem to want an authorization hold thing - would that incur interest, or does it not count as credit until the hire company actually use it to cover damages?

chuckley

Aqua don't do it. my first statement was generated 15 days after my first spend.

Interest payable only if not fully cleared by the due date, 15 days later.

callum9999

heyitsroth wrote: »

Just signed up for an aqua advance card, got a 44.9% APR so I don't think they thought that much of me

But I couldn't find any mention of the interest free period for purchases in the T&C's - is it possible that I don't have one, or do they decide that later along with the credit limit?

If I don't have one does that mean that any purchase I make on the card will incur interest, even after one day? And if I don't make purchases on it will that mean my credit score won't improve, or is just owning a CC enough for that?

The only other thing I wanted it for was to hire a car, since they all seem to want an authorization hold thing - would that incur interest, or does it not count as credit until the hire company actually use it to cover damages?

Aqua have the normal interest free period, and there won't be any charges or interest on a transaction that's been held but not debited. Though is your credit limit high enough for a rental car hold?

grumbler

heyitsroth wrote: »

But I couldn't find any mention of the interest free period for purchases in the T&C's

Card Summary

Interest Free Period

• Maximum 51 days for purchases if you pay the full balance shown on your previous and current statement on time.
• There is no interest free period on cash advances or balance transfers.

heyitsroth

Yeh sorry, I meant the T&Cs specific to my deal, that I had to agree to to sign up.

I saw that but it it's only a maximum, with no minimum stated, so it made me wonder..

As for whether the credit limit will be high enough, we'll have to see. It's a bit frustrating because I have the money, but I've struggled to find a company that will accept a deposit instead of hold on a credit card

YorkshireBoy

heyitsroth wrote: »

I saw that but it it's only a maximum, with no minimum stated, so it made me wonder..

The reason they quote a 'maximum' is because that's the longest you'll get if you make a purchase on your statement date. Make a purchase on the day before your statement date and you'll only get around 20 days (51-31). Every card is the same...ie they'll either say "up to xx days" or "maximum xx days".