UK credit card guides
Why am I paying interest on my 0% credit card?
Check which balance your 0% offer covers and when it ends. A card can list a promotional rate for a balance transfer and a separate rate for purchases or cash transactions.
Read the offer alongside the statement
- Find the offer type. Look for a purchase or balance transfer promotion and match it to the balance category shown.
- Check the expiry. Compare the offer end date with the period covered by the statement. If the expiry isn’t shown, check the original offer or ask the provider.
- Read the charge label. Check whether the amount is listed as interest or as a fee. A transfer fee and an interest charge are separate entries.
An example
Your statement lists a £900 transfer at 0% and a separate standard purchase rate. The 0% line only tells you about the transfer. If the statement shows an interest charge without a breakdown, ask the provider which balance generated it.
Check your own statement privately
Choose a PDF to see the figures Statement Check can identify. The file stays on your device.
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