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When 0% ends
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linzi_lou
Posts: 31 Forumite

in Credit cards
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
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
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Comments
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You will get charged interest from when the offer ends until the statement is produced.0
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Plus some trailing interest on the next statement.0
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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.0 -
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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.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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