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positive interest on credit card

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  • 17-03-2005 12:31pm
    #1
    pickarooney
    Moderators, Arts Moderators Posts: 35,407 Mod ✭✭✭✭


    Anyone know if I should earn interest on my CC account if I keep it constantly in the black, and if so, how much?


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    #2
    0utshined
    Closed Accounts Posts: 1,746 ✭✭✭0utshined


    No you don't get interest on it. I think this may have been the case with a BOI card a few years ago but not any more.

    **Edit : Just saw you're in Holland, they may have a different system. If you ring up your bank they should be able to tell you.


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    #3
    sceptre
    Registered Users Posts: 19,608 ✭✭✭✭sceptre


    0utshined wrote:
    I think this may have been the case with a BOI card a few years ago but not any more.
    It was and, as you say, not any more with BOI.


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    #4
    pickarooney
    Moderators, Arts Moderators Posts: 35,407 Mod ✭✭✭✭pickarooney


    It's actually a BOI card. Thanks for the info.


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    #5
    vigos
    Registered Users Posts: 646 ✭✭✭vigos


    Actually you do get interest added to your credit card for credit balances! There is 1% (APR) credit interest earned on credit balances. Amounts are credit to accounts each month. My card is with BoI and I just confirmed this with them a few weeks ago. My card is an affinity card so maybe you get more interest depending on what card you have or not.


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    #6
    JTMan
    Registered Users Posts: 5,540 ✭✭✭JTMan


    Mpre likely to get cash back than interest. Some CC companies give a small percent back to the consumer.


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