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Credit card late payment during interest free period ?
Hi all
I have a Abbey Credit Card and I two months into a six month interest free period on balance transfers.
This month I will miss the payment date by 4 days
I understand I will be charged a late payment fee but will they charge me anything else like interest on the balance outstanding like they normally would outside an interest free period.
Re: Credit card late payment during interest free period ?
As Lee says they might pull the free balance offer because you have defaulted on your agreement. I remember being one payment late due to me being on holiday, I had a balance transfer on my account and they took the interest free option away from me and charged me the whole interest on my account. Mind you it was a Virgin MBNA credit card. I was lucky because I only had £263 left to pay.
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