• I'm a relative credit card newb so wonder if someone here can help.

    To avoid paying interest do I have to pay the balance off within a certain number of days from the transaction date or the credit card billing date?

    Put about £600 of hotels on my card (as it has no foreign transaction fee and hotels are abroad) and my wife gave me half which I went to the bank (Santander) and paid over the counter without issue. I've just logged on to pay the remainder from my debit card and it won't let me, I get a message saying

    "You can only make payments up to the value of your outstanding balance + £100. Please choose a lower payment amount".

  • Sorry, the actual answer to your question would be x days after your billing or statement date. Your statement or bill should say how many days you have.

  • Found a bit that says:

    Next statement - 16 Mar
    Next payment - 11 Apr

    So I guess that explains it.

    And actually, I remember the lady in the bank saying something about how long you had to pay would depend on when in the month the transaction was made.

    The statement on the 16th will be the first one.

    Balance on the card is £311.36 and I was trying to pay £312 so well within the +£100 I mentioned above which was what was confusing me but it's just coz I've not passed that billing/statement date yet. I think.

About