Bank of Scotland One Credit Card

superstar_2

I am quite new with Credit cards so any help asap would be greatly appreciated.

I have this credit card for one year. The introductory rate of 0% for purchases ended 3 weeks ago. Now, it is about 20% APR. I only use them for purchases.

When i checked my recent statement, there is a value on the next month's estimated interest column. I usually make full payments before dateline.

I am a bit confused about why does it show some money in that column now? I have made all my payments in full. Is that because that my intro rate has ended?

I was quite worried and rang the CC department - The gentleman initially told me that, he doesnt know why is that appearing. He thinks that column should be ₤ 0.00 as i make my full payment on time. Then, i told him about this Introductory period which ended 3 weeks ago. He then, said that i am being shown a ₤ x.xx cos of that. He told me that, the value is an anticipated interest that i will be charged if i don't make my payments on time.

He then told me that this has shown up now as i am not on 0% anymore?

I am still worried! Can any kind souls clarify for me in this lovely Friday night?

May God bless you!

stuartm100

The estimated interest shows how much interest you will be charged if you make the minimum payment on the due date shown on your statement, provided you don't make any further purchases that Month.

They have to show that to give you an idea of the interest you can expect to pay on your next statment, but as you pay it off in full each Month it won't apply to you.

Hope that clears it up a bit :beer: