for the card and the credit line in general that if you repay outstanding balance before 30 days the full 13.9% interest is applied, however if you let it pass 30 days you will be charged interest based on your loyalty level (I think thats how it went).
So if I start to use the nexo card as I usually do with my credit card how will I know how much to pay at what time? What I usually do is to pay everything with my credit card and repay outstanding balance at the 20th every month (salary day). Using it for groceries shopping a few times a week, going to the cinema, filling gas on the car, restaurant visits and what not..
The card is an exception of this rule. You can repay it after the transaction settles with no additional charges.
ahhh, ok, so whatever outstanding balance is I can repay at any time. Then is there interest running on outstanding balance right away?
The interest will be added on the next day after the transaction.
so if I say buy something for 100EUR today, tomorrow interest start running daily until I pay the 100EUR?
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