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    So I used my credit card for the first time last month and received a statement from my bank of what I spent. The statement says the money will be taken out of my account in early April. What I'm confused about is whether that means the money for the purchases on my statement will be taken then, or whether money for all purchases made before that date will be taken then? ie including purchases made after I got my statement.
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    It should tell you there's a minimum repayment required?
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    It will depend on what basis you have agreed to make repayments. It sounds like min payments which are normally 5% of the balance on a given date (normally something like the 28th of the month, if its not interest free then they add that as well.
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    When I set it up I chose to have the full amount debited instead of the minimum payment.
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    (Original post by Sensi)
    When I set it up I chose to have the full amount debited instead of the minimum payment.
    Then you have made it into something like a charge card with the balance/everything being paid off at the end of the month.

    They will take the money for everything whose charge has registered on your account at the due date. Some purchases take a few days to register.

    If you dont want that arrangement then change it. The bottom line though is min payment.
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    (Original post by 999tigger)
    Then you have made it into something like a charge card with the balance/everything being paid off at the end of the month.

    They will take the money for everything whose charge has registered on your account at the due date. Some purchases take a few days to register.

    If you dont want that arrangement then change it. The bottom line though is min payment.
    My first purchase was on the 20th of February and I haven't been charged for that yet. I got the statement mid March with that purchase on, and that says I'll be charged in April for it. So if I were to go out and buy something on the card today, would that also be taken out in April, or would it just be included on my next statement and debited in May?

    And thanks for helping by the way
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    (Original post by Sensi)
    My first purchase was on the 20th of February and I haven't been charged for that yet. I got the statement mid March with that purchase on, and that says I'll be charged in April for it. So if I were to go out and buy something on the card today, would that also be taken out in April, or would it just be included on my next statement and debited in May?

    And thanks for helping by the way
    On the basis of what youve saud i,e youve told them to take enough money to pay off the bill completely on a given date.

    When that date comes they will look at your account and see what you owe. they will take that amount.


    Imo April if it shows up on your account as you have told them to pay off everything. talk to them.
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    It'll only be for purchases made during the previous statement period. Once you've had a statement telling you what you owe (and what you need to pay that month) that amount doesn't change. Any purchases you make after that period will show on the next month's statement.
 
 
 

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