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A question
JayMawds82
Posts: 28 Forumite
in Credit cards
If you have a DD set up for paying the minimum amount and you pay the difference manually to make full payment when due (be it on the same day or next for example).
Will the credit card company see it as the same as full statement balance payment and not apply interest, or as something else and therefore apply interest?
Thanks
Will the credit card company see it as the same as full statement balance payment and not apply interest, or as something else and therefore apply interest?
Thanks
0
Comments
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If you clear in full and have not been carrying a balance previously, interest will be waived, as lonf as there are no cash transactions.0
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So long as it's paid in full before the due date then no interest will be applied.
The only thing that can mess it up is if you have a retailer refund. As they are ignored as payments by some card providers.Life in the slow lane0 -
All cards are cleared by habit. Just set up minimum DD for them in case I miss a full manual payment.
Cheers0
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