If the credit card account has outstanding balance after the due date, then interest and account service charge will be calculated on the balance and charged in the next bill. The amount of interest depends on the amount of interest-bearing debt and the number of days to which interest applies.
If you pay with credit and interest is charged, the interest rate is the 3-month Euribor + 8.95%, plus a monthly account service charge of €3.50.
The interest is always charged afterwards. After the interest-bearing debt has been paid off, the interest up to the payment date will be charged in the next bill. If only interest is charged in the bill, there will be no account service charge.
Example 1: If you pay a purchase of €599 using your card’s credit feature and repay it in instalments of €50/month, there will be a total of 14 instalments. For this period, you will pay a total cost of €85.75, which includes interest of €40.25 and account service charges of €45.50.
Example 2: If you pay a purchase of €599 using your card’s credit feature and repay it in six identical instalments, the instalment will be €105.30/month. For this period, you will pay a total cost of €33.16, which includes interest of €15.66 and account service charges of €17.50.
Purchases paid with a credit card will be interest-free until the due date of the next bill. If you decide to pay only part of the bill, then interest and an account service charge on the remaining debt will be charged in the next bill.
Interest accruing between the billing date and the due date is not included in the outstanding balance. Therefore, if you have paid down your credit in instalments and now pay off the outstanding balance in full, the interest accrued up to the payment date will be charged in the next bill. If the bill includes only interest, no account service charge will be charged.