M
Mug
Guest
Call me a mug but today I learned that credit card companies levy interest on the whole o/s balance unless you clear the whole thing! A highly intelligent friend rang to tell me that he got a statement for €5,333. He paid €5,000 because he was too lazy to write out the rest, thinking he'd clear it next month. He was billed €150 interest. When he queried he was told by AIB that the rate was on the full balance even though he paid off 5k and in time too. AIB said they all do this.
Is this true? I'm frankly gobsmacked. MUG
Is this true? I'm frankly gobsmacked. MUG