Credit card questions #487522

[Bailo]

I'm not maths genius but I'm starting to doubt myself here....

 

I've got an Amex and had an outstanding balance from January. I paid it off but managed to mess up and paid £7.06 less than I should. This month I see I've got an interest charge of £27, which seems high. I query this with Amex and they say that as they didn't recieve the whole balance, interest is calculated on the whole balance, rather than the outstanding balance.

 

That can't be right can it? They're charging interest on money I paid back!

[Sir Tokyo Sexwale]

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[Bailo]

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Edited March 1, 2018 by Bailo

[Sir Tokyo Sexwale]

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[Gerry]

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[Bailo]

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