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Interest on card...not expected
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I don't think you answered the question "Are there any cash, currency or gambling transactions?"0
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PeacefulWaters wrote: »I don't think you answered the question "Are there any cash, currency or gambling transactions?"
See post #3 immediately after you asked that in post #2!dazzaofdagenham wrote: »Only spending was petrol...amazon....and food shopping0 -
PeacefulWaters wrote: »I don't think you answered the question "Are there any cash, currency or gambling transactions?"
No none of those...0 -
Just a question though...
When the balance was 150.01......as I said I made various payments of 175, and new spend8ng of 350.
The first payment I made was 30 pounds straight away when statement generated.....could it be that counted as the payment towards the min payments and anything else didn!!!8217;t co7nt ?0 -
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Can you tell us your statement date, due date, following statement date.
Then all payments including dates.
It looks like a timing issue but without the dates we are just guessing the most likely cause
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If you can't be the best -
Just be better than you were yesterday.0 -
It sound like confusion between the due date and statement date.
What was paid after statement 2 was produced, since statement 3 will show interest from not clearing balance on statement 2 due date0 -
Don't drip feed payments to a credit card bill as they operate around statement dates, not a rolling balance.
The first payment was probably treated as the payment for that month against the statement balance, so that month's statement activity is effectively 'closed'.
Any other payments made, even before the due date, will reduce your account balance for the NEXT statement date. Interest will therefore be due as the original amount due wasn't paid in full in one payment.
Save the money somewhere else. Wait for statement, pay in full before due date. Don't treat it like a bank account as you will quickly come unstuck.0 -
Don't drip feed payments to a credit card bill as they operate around statement dates, not a rolling balance.
The first payment was probably treated as the payment for that month against the statement balance, so that month's statement activity is effectively 'closed'.
Any other payments made, even before the due date, will reduce your account balance for the NEXT statement date. Interest will therefore be due as the original amount due wasn't paid in full in one payment.
Save the money somewhere else. Wait for statement, pay in full before due date. Don't treat it like a bank account as you will quickly come unstuck.
I think that’s what was just explained to me on the phone.0
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