28-11-2013, 08:41 PM
Just trying to get my head around the credit card costs and what not.
So it's come to that time of year we all love/hate, money is low and expenses are high even more so when the landlord takes half the years rent in one go. Sadly for many out there the student loans have dried up leaving us with very little.
Personally I have £130 in the bank to last until January and still many presents/food/bills to buy.
I do have a credit card which I've been using to boost my credit rating for when the time comes to get a mortgage and every month I have been paying off the full amount.
However I was wondering about the minimum payment option just until the loans come around again, my question is if I pay the minimum amount will I be charged interest? When does APR get added? since the loans don't come until January does that mean it'll be put on over the new year?
So it's come to that time of year we all love/hate, money is low and expenses are high even more so when the landlord takes half the years rent in one go. Sadly for many out there the student loans have dried up leaving us with very little.
Personally I have £130 in the bank to last until January and still many presents/food/bills to buy.
I do have a credit card which I've been using to boost my credit rating for when the time comes to get a mortgage and every month I have been paying off the full amount.
However I was wondering about the minimum payment option just until the loans come around again, my question is if I pay the minimum amount will I be charged interest? When does APR get added? since the loans don't come until January does that mean it'll be put on over the new year?
![[Image: mcetg0.png]](http://i57.tinypic.com/mcetg0.png)