You may want to set up a regular payment to pay off your bill in full or to repay what you can afford. If your credit card company increases the interest rate on your card you should be given 60 days to reject the increase and pay off your balance at the existing interest rate. But interest may be added for cash advances. If you pay off the whole amount (the balance) owed on the card by the due date, you will not be charged interest on your purchases. You can also still be charged if you’re using a business card. You can still be charged extra if your bank or the seller’s bank is outside the European Economic Area (EEA) - check which countries are in the EEA on Gov.uk. They may also report the matter to Trading Standards to investigate and take action against the seller. If that doesn’t work, you can contact the Consumer Helpline - they’ll tell you what you should do next. If you’re charged more, you should complain to the trader and ask for the charge to be refunded. Charges by sellersįrom 13 January 2018, you can’t be charged extra for using a credit or debit card. It has information about balance transfers and the types of insurance you may take out with your credit card.
This page tells you about interest and other charges which might be added to your credit card including charges when you buy things abroad or if you miss payments.
