Credit cards

Archives for October 2014

Paying off Balance Transfer on 0% purchases/BT card
Hello, Apologies if these questions sound ridiculous but I'm a little confused about switching to a 0% BT/purchases card. I have one credit card and planning on transferring £1,600 from this card to a 0% BT/purchases card. Normally I pay off my statement balance in full. However, coming up to Christmas (and a few other…
What is a reasonable credit limit on a Credit Card / Cards!
We have recently paid off all our credit cards and the cards are not being used. A lot of them have been closed as my credit limits across all my credit cards totalled almost £60,000. However, I have kept a couple because of the benefits but I am not sure whether that is sensible and whether I should apply to reduce the…
Struggling with credit cards
Hi, I'm new to this forum, I've been trying to cope with my debt on my own but I'm now so scared & feel over my head I need to reach out for some help. I have £10,000 debt on one MBNA credit card & a couple of grand on some other cards. Without wanting to make excuses I was sort of left with this debt after getting…
Covered by s75?
Apologies from a newbie if I should be starting a new thread, but does section 75 cover the following : A credit card is used to pay an £8k deposit for a vehicle costing over £30k with an agreement that the vehicle is built to order and arrives in 3 months time. The supplier goes bust in the interim and the 6k deposit…
Apply for a credit card before or after buying a property
I have been offered a credit card by Nationwide and at present do not need one. However in the next 3 months I will be buying a small property with my partner and we would like a credit card so we can start purchasing things washing machines/sofa etc... My question is am I best to do this now? Or wait a month before I buy…
Credit Card Cash Advance Interest
Hi, If you make a cash advance on your credit card, how much interest would you accrue monthly? I understand when you make a cash advance, interest is added from the day you make the advance up until the day of your statement and increases over time until it is paid off. What is the formula to work out the interest on a…
Balance transfer - help please!
Hi I have a question with regards to balance transfers. I have a Barclays credit card that I previously transferred to as it was a 0% balance transfer offer for 12 months. I have reached the point where it is no longer 0% and it's costing me a fortune in interest. I am looking to transfer the balance of the credit card to…
MBNA Eligibility critieria checks
How accurate is it? I have had previous relationships with MBNA and never missed payments etc. I want a long term BT card and was going to apply for their 23 month platinum card. The webiste prompted me to complete the eligibility criteria and it states it doesn't refer to the credit reference databases. Yet submitting the…
Vanquis Application Procedure
Apologies if this has already been previously discussed! I'm slightly confused about the Vanquis application process.:o I completed my application online and was informed that somebody would be in touch. The next day I received a call from them and I went over the details which I had submitted with my online application…
Best way to get a credit increase?
Hi there, I currently have a Barclaycard Freedom Rewards (10 months old) an HSBC Student Credit Card (2 months old) and a Halifax Clarity (recently accepted) all of them with 500gbp limits. I am currently maxing at least two of them out because I have been putting ALL my spending on credit and then just pay it off by DD. I…
Barclaycard abused/ Fake Experian account
Hi, not sure if this is in the right place so apologies if not. We were recently alerted by Barclaycard about some unusual activity on our B/card. There were 3 transactions and one pending, none of which were by us. B/card have stopped our card etc. so no problems there. Coincidentally we had to go to Tenerife for a family…
EU Credit card changes possible - Limited time petition before year end
I thought it may be worth mentioning this website: http://mycardmatters.com/en/ It's about the Capping of Interchange Fees, which according to the website will lead to higher costs & more besides for most credit card holders. I can't see anything about this website here & could potentially be quite important with changes…
change my credit cards
I've had my Lloyds Avios duo mastercard Amex credit card for 6 years (only used for the past 4) and want something more rewarding. I usually spend around £300-£400 a month on fuel, groceries, shopping etc, and have paid it off in full every month for at least the last year. Before that I paid at least the minimum. The…
Charged a default fee for interest charges!
I recently moved house, and to do so, I had to borrow off my credit cards until my sale completed. I made sure I stayed in my limit, and one of them was 40p under my credit limit! (last transaction 26th Sept) When the direct debit came out, I was a bit surpised at the amount taken, so I checked online. It turns out, they…
2 balance transfers running alongside each other
In June of this year, I took advantage of a balance transfer offer of 0% for 15 months, which expires at the end of September 2015. Since then I have been offered another offer of 0% on balance transfers for 13 months, which I have taken up today, and this expires at the end of November 2015. Now that I have two balance…
Holiday new credit card?
Hi all, hopefully I can get some advice to make sure I'm doing the right thing. We are now debt free after a long struggle and are all travelling to Florida next year for a hard saved for and well deserved family holiday. The question is this, rather than taking all our spending money in cash or using a pre pay card (have…
Scared
I received at text message to contact a company called crs re a debt due to cancelled car insurance when my car was written off and I rang them back to arrange a payment plan. This I managed to sort out but I am quite scared that now I have spoken to them and given my new address etc that they will pass my details to…
Paying lump sums off credit cards
In the next few days I will be able to pay 3,500 off my Tesco Mastercard which is almost maxed. It's 'new' money ie coming from an investment which matured in the past few weeks. I see this as a welcome second chance to regain an improved financial footing. My question is would I be best to pay the 3500 all in one go or…
Faceless Lloyds Bank
Hi M.S.E Community, Earlier this year my partner was having issues with Lloyds Bank relating to an old credit card, the card was frozen with no interest being accumulated as she was engaged in a repayment plan (Bad Divorce). To help her out, I decided to try and clear this debt for her.. I asked Lloyds for a settlement…
Simple question about credit card interest - apologies
Sorry for asking such a basic question but I normally pay off my credit card in full each month, Last month I had a lot of expense so only paid half of the total owing. Naturally I now have some interest applied to the account on this months statement. If I now pay off the whole outstanding account by the due date this…

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more than car insurance swinton
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