Credit Card Question

Admiral Huddy

Admiral Huddy

Admiral Huddy

Man of Honour
Joined
17 Feb 2003
Posts
29,640
Location
Chelmsford
Does anyone know if you start paying interest on an item as soon as it been purchased, or does it only accrue interest after the payment due date on any balance not paid on that item.

So, if you buy an item but then pay it off before the next due date, you pay no interest.. Is this correct?
 
Pretty much, yes. You will have a statement date and its best to clear it at least three days before hand. My advise is to cut the card up now, before it's too late....
 
Just dont be tempted to get a credit card if your allready crap with money, it will make you suffer for it.
If your the kind of bloke who always has money in the bank and feels no obligation to spend it on the latest thing then go ahead but a cc only makes sense if you can pay it off at will whenever you choose.


If you withdraw cash from the card then interest is payable immediately, that also applies to credit card cheques which they will send you dozens of
 
silversurfer said:
Just dont be tempted to get a credit card if your allready crap with money, it will make you suffer for it.
If your the kind of bloke who always has money in the bank and feels no obligation to spend it on the latest thing then go ahead but a cc only makes sense if you can pay it off at will whenever you choose.


If you withdraw cash from the card then interest is payable immediately, that also applies to credit card cheques which they will send you dozens of
Click to expand...

\o/ Yay, sensible advice rather than talk about Freefaller and his boobies :eek:
 
Au contraire it's getting back to how GD used to be in the old days. :) Besides I didn't offer advice as I know Huddy on a personal level and knows how he'd use his CC and once the question he had asked had been answered I had some fun. Some people need to lighten up.
 
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