Last edited by mikef; 04-08-2013 at 10:15 AM.
All of the credit cards that I have had experience with are "up to 55 days interest free". It usually works on calendar months so anything that you buy in July will only start accruing interest on the 25th of August.
So if you buy something on the 1st of July you would get 55 days with no interest on that purchase but if you buy something on the 31st, you would only get 25 days before it starts accruing interest.
May as well ask this question here:
I was under the impression that a credit card offers much more buyer protection (vs a cheque/debit card for example), especially as I use my card for online purchases quite often. I've just got off the phone to FNB and apparently there's no difference between me using my cheque card, and me using a credit card (should I apply for one) when it comes to protection / claiming money back / stopping fraudulent transactions.
So - does a credit card offer any benefit, or is it, as FNB would have me believe - only for the purpose of the credit facilities?
Last edited by saor; 05-08-2013 at 12:36 PM.
R3.30 Linked Account Transfers
R7.00 Third Party Payments
Will the total EFT charge thus only be R7.00? Plus of course interest from day one...