Hi, I normally pay off my credit card balance before the payment due date is reached so I don't get charged interest. However, I didn't clear the last balance (May) in full. The bill was for E556.26. I repaid E550. I wasn't sure of the balance at the time but knew it was around the E550. So I was left with E6.26 which I knew I would get hit with interest. I received my bill for June and it has an interest charge of E11.69.
My question is Could the interest accumulated on E6.26 in one month be E11.69?
I can not ring the bank till Monday but I would like to know if could be correct?
My question is Could the interest accumulated on E6.26 in one month be E11.69?
I can not ring the bank till Monday but I would like to know if could be correct?