Credit card interest

robbo2765

Hi,

I'm on a 15 month 0% credit card deal. I've been reducing the balance each month but I recently bought something for £400 using that card.
My question is will I only be charged interest on the £400 or will I now be charged interest on my full balance if I don't pay off the £400 within the 56 days?

Any help appreciated. 

Cheers 

Ayr_Rage

Who is the card provider ?

Was it a balance transfer ?

It's time to dig out your Ts and Cs !

robbo2765

Hsbc and I transferred a balance to it, paid a 3% fee to get 15 months 0% in October last year 

MorningcoffeeIV

If you dont clear in full, you're alway charged the prevailing rate on each balance. So your standard rate on the £400 and 0% on the promo balance.

You'll be charged that even if you do pay the £400 off within 56 days. And also if you pay if off by the due date on your next statement. 

Remember that it's UP to 56 days interest free IF you clear in full. Not 56 days per transaction.

horsewithnoname

robbo2765 said:

Hi,

I'm on a 15 month 0% credit card deal. I've been reducing the balance each month but I recently bought something for £400 using that card.
My question is will I only be charged interest on the £400 or will I now be charged interest on my full balance if I don't pay off the £400 within the 56 days?

Any help appreciated. 

Cheers 

Don’t pay the £400 before it goes on your statement else they will knock £400 off your promotional balance.