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Post Office CC
Igottawii!!
Posts: 350 Forumite
in Credit cards
Can anyone help answer this for me please?
I have a Post Office Credit Card that I use solely for purchasing in foreign currency because of its 'perfect' exchange rate.
I spend between £20 - £100 a month on it always paid off in full.
I have been sent an offer of 0% interest on balance transfer with 1.5% fee for 20 months.
If I transfer a balance will my purchases then attract interest even if still paid in full each month?
Thanks for any help
I have a Post Office Credit Card that I use solely for purchasing in foreign currency because of its 'perfect' exchange rate.
I spend between £20 - £100 a month on it always paid off in full.
I have been sent an offer of 0% interest on balance transfer with 1.5% fee for 20 months.
If I transfer a balance will my purchases then attract interest even if still paid in full each month?
Thanks for any help
0
Comments
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Yes: The six golden rules
However, you still can minimise the interest by paying the purchases off ASAP instead of waiting for a statement and the due date.0 -
Normally with a credit card you are given 'up to x amount of days grace period' therefore meaning that if you pay in full on the due date of the statement, you will not incur any interest.
Therefore if you add a BT, you will not be paying in full, therefore you miss out on the grace period and interest is charged from the date of the transaction.I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
If you can't be the best -
Just be better than you were yesterday.0 -
That's as I thought, thank you both0
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