[loocorezz]

Statement balance 06/05/2025 = £1.5k.
Payment due date 31/05/2025.
Payment made late on 02/06/2025 for full statement balance of £1.5k, attracting interest of £66 on the next statement dated 06/06/2025.
Statement balance on 06/06/2025 = £2.2k.

Has the interest free period been forfeited in this scenario and does the full outstanding balance need to be paid immediately to stop interest being attracted, or will there be no further interest charges as long as the new statement balance is paid by the due date?

The terms and conditions only talks about 'when you pay on time' and interest being charged if you don't pay the full statement balance by the due date but I don't want to be stung by further interest charges so just looking for clarity.

[ChristopherP]

@loocorezz Hey there, thanks for getting in touch!

Sorry to hear that you've been charged some interest. This won't impact any 0% periods you have on the account. Interest will no longer be applied once the full payment for the portion of the balance that isn't on a 0% interest period.

Please be aware, when you are first charged interest on your account, it appears on your statement, but interest continues to accrue until the full balance is paid off. When you clear the entire balance, the interest then stops but the amount which has built up to that point is then applied to your next statement. For example, if your statement produced on the 10th and you paid the full balance on the 15th, you'd have 5 days of interest on one further statement. This is known as residual interest.

I hope this clarifies things for you.