Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.

https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

Noob question about credit cards

OFDM · 2005-12-10 12:09:22

Suppose when you get your credit card statement you owe €20 and the minimum payment is €5. So you transfer €50 from your current account to the credit card giving it a credit balance of €40. But by the time your next months statement comes out, you again owe the card money, let's say €30. In this case, will the €20 balance…

10-12-2005 01:09PM

#1

OFDM

Registered Users, Registered Users 2 Posts: 2,399 ✭✭✭

Join Date: August 2004

Posts: 2172

Suppose when you get your credit card statement you owe €20 and the minimum payment is €5. So you transfer €50 from your current account to the credit card giving it a credit balance of €40. But by the time your next months statement comes out, you again owe the card money, let's say €30.

In this case, will the €20 balance from the previous month be considered to have been paid off and no interest on it will be charged? Or will you be charged interest on the €30 because this would be the second statement in a row with a debit balance and its considered that the card hasn't been paid off in full?

0

Comments

#2 10-12-2005 01:16PM

daveirl

Closed Accounts Posts: 14,483 ✭✭✭✭

Join Date: November 2000

Posts: 13979

This post has been deleted.

0