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Bank interest
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OP this is because interest is calculated daily on the amount borrowed.
There will be trailing interest too on your next statement.
After the 2nd statement is paid in full, you will revert back to your interest free grace period if paid off in full in the future.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.
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