Credit Card question (13 replies)
One of those offers, I have been informed, is running out.
Does this mean the new default interest rate is charged on the total remaining balance of the card?
So say there's £500 or whatever, one of my 0% offers is expiring, so they would theoretically charge 22% on the remaining balance?
I am going to pay it off anyway it's only a few hundred quid, but I was just curious how these cards work. Easy to see how people get stung.