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AvantCard repayment period

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  • 26-05-2013 9:00pm
    #1
    inabina
    Registered Users Posts: 631 ✭✭✭


    Hi all,
    Seems like the window for which you have to clear your credit card to avoid interest has dramatically reduced with Avant compared to MBNA. Do others notice this?

    I wonder can someone help me understand how it works. Say that my repayment date is June 1. I repay the lot and suffer no interest. then I start using the card between June 2 and July 1. The next repayment is due July 1 ( I think MBNA was 56 days...so would have been towards end July). For a transaction that I did on June 20, would that incur interest from July 1 if I do not pay off the balance in full on July 1?

    Thanks


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    #2
    wench
    Registered Users Posts: 1,644 ✭✭✭wench


    The payment schedule has stayed the same, you still have up to 56 days interest free.

    Any purchases during June would be on a statement issued at the start of July, to be paid 1st Aug.
    The payment on July 1st is for May's purchases.


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