When 0% ends

linzi_lou

I have a 0% rate coming to end on 1st September, when will I get charged interest, will it be at the next statement so end sept, looks like i get a statement begining of the month withna paydays of 28th of the month.
If i pay the balance before the next statement/payment due date will I not be charged any interest? So in between 0% ending and the next statement been issued? Or will interest be added right away on the 1st sept statement?

Hopefully won’t be an issue as I’ll have the money before it ends but if not I’m wondering if I’ll get any extra time to pay it.

Thanks

Missmarie

You will get charged interest from when the offer ends until the statement is produced.

[Deleted User]

Plus some trailing interest on the next statement.

linzi_lou

Thanks for the reply’s. So if my 0% ends 1st sept, and my statement comes 8th sept and the due date is 28th sept, will I have 0% interest to pay as long as paid by 28th sept? Or will I still pay interest.
Does the interest get slapped on on the 0% end date if not paid before?
Thanks again.

linzi_lou

Missmarie wrote: »

You will get charged interest from when the offer ends until the statement is produced.

So if statement comes 8th sept & I pay on 10th sept I’ll be charged 2 days interest? If I pay before 8th sept there will be no interest as no new statement yet? Have I got that right? Thanks

YorkshireBoy

linzi_lou wrote: »

So if statement comes 8th sept & I pay on 10th sept I’ll be charged 2 days interest? If I pay before 8th sept there will be no interest as no new statement yet? Have I got that right? Thanks

Post #2 answered your question perfectly.

Dobbibill

If your offer ends on the 1st and you still have a balance on the 2nd then it will attract interest. This is calculated daily and added to your statement when produced.