0% Finance

[chrissa1]

My daughter has been accepted for a 0% interest card until 1st May 2009. Does this mean that any balances she runs up will not attract any interest until then? What happens if she just pays the minmum payment every month? Could she spend up to her limit and then pay the whole balance off by the 1st May without attracting any interest charges?

[Ethel]

Assuming this is 0% on purchases and not balance tranfers -

She can use the card up to her limit and as long as it is paid in full by 1st May 2009 she will not pay interest.

She must pay the minimum payment every month and she must pay on time. Any breach could cancel the 0%

[chrissa1]

Thanks Ethel. She works for P&O and is heading back out to the Caribbean on 19th Dec. She just really wants this to live on til then, so I've councelled discipline.