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How is estimated interest calculated?

April 26, 2017calculated credit card help credit card payments credit cards estimated

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How is estimated interest calculated?

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This is the interest you will be charged on your next statement if you pay the agreed minimum amount and this reaches us by the payment due date. It assumes that you make no transactions, incur no fees and there are no changes in your statement date or interest rate (except for the expiry of a promotional interest rate). Interest is calculated from the date of the transaction but is not charged on card purchases if you pay the whole balance on your statement and on your previous statement in full.