We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
How do I find out the Interest free period...
Options
Comments
-
Ok, let's assume you DO NOT have an introductory offer period and today is the 1st day of your statement cycle.
Any purchase made today will give you 59 days (til the due date) in which to repay in FULL before any interest is charged. Purchase the next day and you'll get 58 days, the next and you'll get 57, the next and you'll get 56 etc. This continues til a minimum interest free period of approx 14 days.
If you do NOT pay the balance in FULL by the due date you will be charged interest from the day you made the purchase. Make a partial payment by the due date and you'll still be charged interest on the full amount.
TBH I would leave off from stoozing until you've fully grasped all the basic requirements of how to use a credit card. Don't run before you can walk as it's all too easy to get in too deep.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards