fishandchips
Registered User
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- 18
What do you mean "fine"? Making the minimum repayment is a recipe for racking up some hefty interest charges. Better to pay off as much as possible as soon as possible (subject to checking the T&Cs).I would think that there is listed a minimum payment on your bill so once you pay this amount you should be fine.
Are you sure about this - in general or for specific cards? Once again I would say check the T&Cs to see how interest is charged.Credit cards give you an interest free period only if you pay off the total due amount -if you don't you pay interest on the whole amount. So there isn't any benefit in paying any extra above the minimum-I believe this is standard on all cards
What do you mean "fine"? Making the minimum repayment is a recipe for racking up some hefty interest charges. Better to pay off as much as possible as soon as possible (subject to checking the T&Cs).
and to date have never incurred interest charges,
i want to know is it worth trying to pay more than the absolute minimum or will we still be charged the same amount for the month if we just pay the bare minimum. obviously we intend clearing the 1700 fully next month.
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