Capital One statement during 0% period

[Deleted User]

Hi

I've recently got a Capital One card for 4 months 0%, which they've confirmed ends in March.

I've made 2 x purchase transactions on the card since I've had it. My last statement generated says minimum payment of £14 (just 1% of outstanding balance!?) will be taken by DD

Under the 'interest rates' if the balance is not paid in full it says:

Your interest rates
This month's interest is based on the following simple annual rates:
Standard Purchase: 0.000%
Standard Cash: 30.340%
Standard B.T: 30.340%

Next month's estimated interest will be £37.19.

Surely it should be estimated at 0, as I'm still in the 0% period.... I'm not sure how they've come up with £37, unless they've tagged one of my transactions as cash.... but then I'd have interest applied to this statement as well

Can anyone shed any light!?

A4445

I'm not sure about Capital One but I've got 0% on Nationwide and that says £0.00 for estimated interest. I'd send them a secure message and ask, they reply quickly

Anthorn

Depends on the terms of the offer. If interest is calculated from the day the transaction is debited and that interest is payable when the 0% period expires and the balance is not cleared, then calculating the monthly interest is valid. You will need to look at the pre-contract information and the T&Cs.

[Deleted User]

For anyone else coming across this in future - they've told me it's a generic calculation and to not worry about it.

I'll be sure to update this thread if I am charged!!!