Understanding end of 0%

emmamc252

I have a card with a balance transfer 0% that I have written down the 0% ends in june, sorry to sound stupid but does that mean the june statement will still charge0% so I would have to pay that statement in full in order to not get charged interest or will this months statement be the final one without interest?
Hope that makes sense

molerat

You should have an exact date but they often end on the statement date so need paying before then to avoid interest so in your case to be paid before the June statement is produced but not necessarily with the May payment.

Dobbibill

Have a look on your statement, you should be able to find the exact date.

Ben8282

You should have received a 0% expiry notification or will receive one on your next statement. This will show the exact date. The 0% offer will end on a specific date which should be an exact period of months from the exact date it was originally made. If you are unable to determine this, then play safe and pay off by 31st May.

supersaver2

Not sure what card your have but Barclaycard and MBNA will have the exact date on the back of your statement when your promotional period ends.

No_6

If the statement shows no end to a promo, just call them and ask.

ChrisJ1988

I make sure I stop using the card 3 months before the 0%, see what the balance is a month later then BT or pay it off. Never been stung yet, I like to stay on the safe side as I have 8-10 cards on the go at once.

adindas

ChrisJ1988 wrote: »

I make sure I stop using the card 3 months before the 0%, see what the balance is a month later then BT or pay it off. Never been stung yet, I like to stay on the safe side as I have 8-10 cards on the go at once.

That is not a good idea as you could still take benefit of 0% for about three months.

The best thinng is to call them and ask the exact date and pay ot off about one week before the 0% interest is over.

Kendall80

ChrisJ1988 wrote: »

I make sure I stop using the card 3 months before the 0%, see what the balance is a month later then BT or pay it off. Never been stung yet, I like to stay on the safe side as I have 8-10 cards on the go at once.

I have a similar number of cards. I leave it until the last month then I find a new BT card preferably with no fee. The expiry dates are kept in a spreadsheet and are entered in my outlook calendar -1 month. Easy to stay on top of as long as you get good limits. I'm currently half way through a 12k TSB purchase card limit.

fifeken

adindas wrote: »

That is not a good idea as you could still take benefit of 0% for about three months.

The best thinng is to call them and ask the exact date and pay ot off about one week before the 0% interest is over.

You can still have the benefit only with another supplier - there is no shortage. Leaving it until a week before risks an unexpected event causing payment to be late.

I would personally opt for somewhere in between the three months mentioned and one week.

fifeken

adindas wrote: »

Well, keep in mind you will still be credit checked and no guarantee you will get it.

So doing it earlier gives you more time to find an alternative.

adindas wrote: »

This is not the case for the OP as he has money to clear it up even sooner rather then later.

You recommended leaving it until one week before the due date. If the OP becomes incapacitated 8 days before, he/she risks problems.

adindas wrote: »

One week is more than enough if you pay by FPO (not with TB).

Yes, all being well. As above, why risk it as you suggested?