2007-09-30 20:49:41 · 6 answers · asked by breche.1 1 in Business & Finance ➔ Credit
When you pay in full every month as long as you pay before the due date there is no interest.
2007-10-01 04:09:16 · answer #1 · answered by Classy Granny 7 · 0⤊ 0⤋
No, not in the UK. If you are in the UK, however, be aware of a change in the Barclaycard T & C from this month. From now, unless you pay the outstanding amount in full, if you have anything outstanding on yr card, you have to pay interest from the date of the statement to the date of the payment. This means that even if you pay the amount you are told about in full, there will still be a small interest payment which will need paying off the following month. This completely screws the interest free period etc, and is a cunning ploy to increase their revenues still further in a not very transparent way!
2007-10-01 04:32:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Most likely not, but you should probably read the terms of your credit card company carefully, as a few accumulate the interest in periods of less than 30 days.
2007-10-01 03:54:01 · answer #3 · answered by DLPanther 2 · 0⤊ 0⤋
No , then you do not have to pay any interest . Interest only applies when you make half payment or you do not make the payment in that given month. Once you make the complete payment every month you do not have to pay the interest . So , do not worry and cheers!!!!!!!!!!!
2007-10-01 03:56:53 · answer #4 · answered by Sanya 1 · 0⤊ 0⤋
not with any cards I have ever heard of. As long as it is paid off within the grace period.
2007-10-01 03:53:27 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Not if you are in India. And I feel same rules apply to your place too.
2007-10-01 03:58:01 · answer #6 · answered by Swamy 7 · 0⤊ 0⤋