A
ando
Guest
Hi guys,
I had a maxed out credit card of €6500 for a year or so, It was killing me so I applied and received a credit union loan to pay it off. Because of my car needing work and other expenses at the time, I could only pay off €6250 off my card with the loan, so €250 was left on the card. The payment went through on the 24th March. Today, 5th of May I see my minimum payment is €16 which is grand, but PURCHASE INTEREST has been charged at €50... Usually it’s about €70 when the card was maxed out. Could someone explain why this is? Is it because I paid off my card in the later half of March? If I don’t pay off my card in full by the end of this month, can I expect to see this charge to be occurring every month at this price??
I had a maxed out credit card of €6500 for a year or so, It was killing me so I applied and received a credit union loan to pay it off. Because of my car needing work and other expenses at the time, I could only pay off €6250 off my card with the loan, so €250 was left on the card. The payment went through on the 24th March. Today, 5th of May I see my minimum payment is €16 which is grand, but PURCHASE INTEREST has been charged at €50... Usually it’s about €70 when the card was maxed out. Could someone explain why this is? Is it because I paid off my card in the later half of March? If I don’t pay off my card in full by the end of this month, can I expect to see this charge to be occurring every month at this price??