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Credit cards

Archives for February 2008

Naive newbie question re. interest-free period
Hi, I have a question regarding interest-free periods when buying things on credit cards. If I have a credit card with an up-to 57 day interest-free period, what does that actually mean in terms of paying back? Example: On day 1 I buy something costing £50 On day 20 I buy something costing £50 Does this mean on day 57 i…
Over draft fees
Hi I'm new on here and wondered if anyone can help me. I bank with hsbc and am not happy with the amount of money that they charge me if i breach my overdraft. I know that I should manage my finances better and avoid these fees ,but life happens sometimes. Everytime I go over my overdraft they charge me £100 which I feel…
Paying mortgage with credit card to get cashback?
I've just received my new american express platinum moneyback card and would like to know if there is a way to make the most of the money back feature. I doubt my mortgage company will let me make an overpayment with a cc but is there a bank that will let me fund a regular saver with my card? My other plan is to paypal…
Credit card Fraud (by family member)
My son has always had an issue with debt. At the age of 20 he got in such a mess he ended up going bankrupt. At the age of 18 I allowed him to be a 2nd card holder on one of my Credit Cards. He ran up a bill of aroung £3000 I was furious. But over the years he paid back a reasonable amount of money. Back in 2004 I moved to…
Best one for me?
Hi I am trying to get some interest free credit to help me in the short term pay off some of my debt and was wondering whats the best card for me. I dont intend on buying anything on the card. I would intend to put around 600 pounds on it. Also, is it possible to set up a monthly direct debit to pay a card off? say £100 a…
Amex Cash Back
I have never had a credit card before so excuse me for some probably obvious questions. I am thinking of getting the American Express cash back card. I understand that you can set it up so that you pay off the balance by DD at the end of each month. How do you do this? Is it on their application form? 1. Will I be charged…
Sainsbury credit card 0% shopping offer
Looking at the information on the latest Sainsbury card offer of 12 months interest free shopping at Sainsbury I couldn't find anywhere what sequence is used for repayments. My query to their customer services produced the following; "...we will use all payments you make first to pay off amounts that we do not charge…
query over barclaycard life of the balance loophole
I have been reading about the great barclaycard offer of putting the life of the balance on the card for a low APR and then getting another card just for purchases I would like to know if it would be feisable to use the capital one 0% transfer fee card to transfer the balance and then transfer it back onto the barclaycard…
Urgent help needed with credit card charge
Sorry, just realised there's a better place to post this - am moving it.
adding a sec card holder does it creat a joint thing on credit check?
my credit rating is crap to say the least lol however wifes is superb, she took out a card for our holiday abroad this year mainy for security incase anything goes wrong abroad, now is she got another card for me under second card holder for future credit aplications for her would it then link her to me? as that would…
Credit card cheque or loan
I have the chance to purchase a vehicle for around £2000 from a family member (quite abit below cars worth). I am unsure as to write a credit card cheque (virgin) for the amount and then shift the amount with approx £1000 spending from another card onto a long term balance transfer card. This would offer the chance to pay…
I love it when credit card companies call!
I had a great phone call the other day from MBNA Him: Hello this is Rashid from MBNA. How are you today? Me: I’m fine thanks Him: Good, we have a great offer for you today Me: Okay Him: You can transfer all your other credit card and store card debt on to your card at 0% for 9 months Me: I don’t have any other cards or…
Barclaycard Platimum Application
Last Friday I applied for a Barclaycard Platinum card with a view to making a balance transfer to my 0% - 12 months MBNA Platinum card which has just expired. The thing is its been a week now and I've heard nothing back? I said online at the time they were dealing with my application and I could expect to hear from them…
Should I move my balance now or wait until 0% period runs out?
This is my first time - I hope this question is not too basic. I owe £1.8k (Tesco card - 0% on balance runs out May 2008) and £600 (Barclaycard - 0% on balance runs out Oct 08). Should I wait until the last possible moment and then move balances, or take advantage of current offers in case 0% offers get scarcer? Virgin…
Help with cc wording please!!
Hi, Am a bit confused here. We need to purchase a second hand car, price £2000 - £3000 and I need a cc to help pay for some of this. Tesco has a 0% on balance transfers for 13 months (with a fee of 2.5%) and it also offers 0% on purchases for 3 months. Alternatively, Virgin has 0% on balance transfers for 15 months (fee…
low interest rate card or new loan
I have an early settlement figure of £5500 on a car loan,also £1400 on a new 0% interest credit card with capital one until january 2009.My question is,i would like to transfer my car loan to a low interest credit card e.g goldfish which is 4.9% until 2011.I realise that i need a mule card e.g egg money if i was…
John Lewis Card website - unstable?
Am I the only person who seems to get semi-regular problems accessing their online credit card site? At the moment it is flaky as you like, sometimes I can log in, but get "page not founds" when trying to pay, sometimes I can't even get the login page. I phoned them last night and they reckon it's all fine although it…
snowballing
Hi I wonder if someone can help before I scream out loud and scare the cat! I used a tool called the (I think!) credit card snowballing effect I was sure it was on this site but I cannot find it. Basically it was a tool to find out how quickly you could reduce your debt by paying a fixed amount on all your credit cards…
buisness visa 28 pound charge
I opened a buisness account last year with hsbc , i was aked if i wanted a visa which i said no to as i have never had one and did not use them, she said i should have it for emergencies and it would not cot anything . I received a statement yesterday aying i owe £28 pound service use for the year i have not used the card…
Question on Balance Transfer to Nationwide Credit card
Hi there, I am reading Martin's article "Best Balance Transfers: Cut existing credit card debt costs", which says that NEVER use a credit card for purchase if you transfered balance to it. But recently I got a Nationwide Credit card that says it has different Order of Payments: pay off your most expensive debt first. Does…

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