whenever and just how much interest youвЂ™ll be charged will depend on the manner in which you run your charge card account.
In the event that you always pay your statementвЂ™s current stability in complete by the repayment due date, youвЂ™ll make the most of any interest-free times which connect with your card, and steer clear of spending any interest in the acquisitions you create.
In the event that you donвЂ™t spend at the very least the minimal payment shown on your own declaration, you will be charged a belated repayment charge.
Exactly what gets paid down first
Once you make a repayment to your outstanding stability of one’s charge card account, there are specific items that have paid down before others.