The wording seems contradictory. It seems to suggest that they continue charging interest on the €1,000 until you have paid off the €800 and you subsequently pay off the €200, but this is not the way it's done.
2. With regard to interest, there is no advantage in paying the 800. It does not reduce the interest charged.
In respect of Transactions, interest will accrue and be charged from the date it is debited to your Account (this appears on your Statement as the posting date) to the date full payment is received and credited to the Account. Where a part payment is made, interest will continue to accrue and be charged on the remaining balance up to and including the date of the next Statement, when the interest for the period will be debited to the Account.
I doubt if this is correct. Can you post the terms and conditions.
If you repay us everything you owe us on the Account as shown on a monthly statement by the payment date we specify in the monthly statement, we will not charge you interest on any purchases or cash advances shown in that monthly statement. Otherwise, you forfeit the interest free period and we will charge interest, including interest on each purchase, cash advance, unpaid cash advance fee and cross border handling fee from the date of the transaction. We charge such interest at the rate we show you on your latest monthly statements. This rate may differ from the rate in force on the date of the cash advance or purchase.
2. With regard to interest, there is no advantage in paying the 800. It does not reduce the interest charged.
This is wrong
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From the day you pay the €800, you are being charged interest on only the €200 remaining.
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