Bankwest Forum

Ask a new question
Reply
New Member

Purchase interest

Posted by Heabreu Heabreu
Message 1 of 2 497 Views
Hi for the past couple of months I have noticed that we are getting charged a purchase interest around $100. I'm not sure why as we have been paying the minimum before the due date. Hope to hear from you soon
Reply
0 Kudos
Moderator

Re: Purchase interest

Posted by LyndsC LyndsC
Message 2 of 2 490 Views

Hi @Heabreu,  while paying the minimum monthly payment will assure that your account doesn't fall into arrears, this won't prevent interest beng charged on purchases. To avoid paying purchase interest you'd need to ensure you always pay the full statement balance by the due date each month. 

Reply
0 Kudos
Ask a new question
Top kudoed contributors

Bankwest SWIFT code: BKWAAU6P | Find your BSB by logging into Online Banking
© 2017 Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. All rights reserved. To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.