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Why have I been charged interest?

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Written by George Thomas
Updated over 2 weeks ago

Interest is charged daily on all completed transactions until you pay off your outstanding balance in full. The accumulated interest is added to your account on your statement date.

How Can I Avoid Paying Interest?

You can use our 35-day interest-free period by paying your full statement balance each month. Here's how:

  • Set your recurring payment in the app to pay the full statement balance.

  • Make sure your statement balance is paid by your repayment date or when we automatically charge it on your chosen date.

How to Change Your Payment to the Statement Balance:

  1. Go to the “Card” tab in the Zable app.

  2. Tap “Payments.”

  3. Tap “Payment amount” and select “statement balance.”

  4. Tap “Save.”

This update will take effect after your next statement is issued. By keeping your account set to pay the full statement balance each month, you can avoid interest charges going forward.

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