We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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 is interest charge calculated if I pay off most of month's balance but not all?
Comments
-
Nasty little trick of theirs, that, isn't it? Never saw it anywhere in the T&C (I did look for something on it today)
AFAIK, all credit cards work this way.Originally Posted by JimmyTheWig
I can't remember whether you pay interest from the statement date or from the purchase date ...
I believe this varies between lenders. Most charge from the statement date, but some (eg. Barclaycard) charge from the transaction date
People who don't know their rights, don't actually have those rights.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards