16-01-2021, 18:47
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#1
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cf.addict
Join Date: Jan 2021
Location: Swansea, South Wales, UK
Age: 44
Services: 1GB Volt, Telephone all Inclusive.
Posts: 267
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Credit Card info
So ive switched to a new credit card and upon viewing online its laid out slightly differently to last card.
It says balance since last statement and then current balance.
If i was to pay the amount since last statement would that mean i would incur interest on the rest or not until next statement?
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16-01-2021, 18:50
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#2
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Woke and proud !
Join Date: Jun 2004
Services: TV, Phone, BB, a wife
Posts: 9,806
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Re: Credit Card info
If you've anything outstanding you'll pay interest, unless you've got a 0% deal.
Best to pay off in full each month by DD if you can afford to. Credit cards are the most expensive way to borrow.
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16-01-2021, 20:49
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#3
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cf.addict
Join Date: Jan 2021
Location: Swansea, South Wales, UK
Age: 44
Services: 1GB Volt, Telephone all Inclusive.
Posts: 267
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Re: Credit Card info
We usually do pay it off but we kind of went mad on Christmas.
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17-01-2021, 00:45
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#4
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Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
Age: 62
Services: Aquiss FTTP (900M), Sky Q TV, Sky Mobile, Flextel SIP
Posts: 29,573
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Re: Credit Card info
You must pay off the balance of the last statement (to avoid interest).
Which I think is what you mean is displayed, not the balance since last statement.
Normally you would have a direct debit thats set up to do that for you.
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