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Credit cards

Archives for August 2019

Had to pay twice - duplicate transaction
Hello everyone. Yesterday, I decided to go and do some out of town shopping and had to fill up at a Tesco petrol station. I paid with contactless, which the cashier claimed had caused her screen to 'freeze' with a claim that the transaction did not go through (no error displayed for me, no failed transaction receipt), and…
Question about interest
If I have a balance of say £3000 on my credit card and I decide to pay half of it one month and the other half the next month, the cards yearly interest rate is 22%. Does this mean the interest I'll have to pay would be calculated as 22% of £3000 = £660 / 12 months = £55 a month, so £110 interest in total for the 2 months?
Credit Card balance vs statement balance
Quick Question. If you have a Credit Card and the "bill" at the statement date is £620 (for example) and the statement due date is 6th Sep. This statement was generated 3 weeks ago so there has been further spending on it since then. So the balance now is £940. To ensure the statement is "Paid in Full" for credit reference…
Old Creditor Offering Me New Card
I have a very old credit card debt dating back to at least 2007 which was the last communication with the creditor. They haven't been in contact with me since then and I've managed to build my credit score back up again and have a couple of credit cards and a loan which I have full control over and fully up to date with…
Credit card debt following death
My Mother lost her long battle with heart and renal failure last Sunday. She was a pensioner on pension credit and attendance allowance. She had no savings as what there was used to supplement her care. She has an outstanding debt on a credit card of just over £5k, from a money transfer she took out some time ago. There is…
Spending on Credit or Debit Cards
Hello! I'm going self-employed next month with a start-up business that has received a few thousand £s of seed funding. It's not likely to start bringing in an income however till Q1 2020. I have enough savings to cover me to this period, however obviously wouldn't have a regular income during this time. I wanted to keep…
High balance and high interest card
I have a credit card which has high interest and a very bug balance, essentially paying 145 per month but it's just covering interest. I read about balance transfer cards but dont know if it's right for me.
Re - Buy now pay later - when is it reported?
Hi, Sorry if i'm in the wrong section! Looking at getting a laptop from Very on BNPL (i need it to work unfortunately) my Mortgage completes next week and i've heard that they credit check again before completion. If i got it on BNPL & it was delivered tomorrow would they instantly report it to creditsafe or would it be…
Do capital one credit cards offer virtual cards in the UK
Can anyone with capital one confirm if they offer virtual credit cards in the UK?
Advice Needed: Blacklist?
I have a number of credit cards I have used for years to move my debt around to keep on 0% for as long as possible, the debt amount has gone up and down over the years but at present is quite high. I have noticed however that the 0% BT offers dried up about 9 months ago and I've had none in that time. Obviously I am…
Advice needed - spreading out cost
Hello everyone, I have run into some problems and need some advice. I need to borrow around £1000 fairy quickly and unfortunately due to lack of credit history I can only get pretty basic credit cards and not a decent personal loan. I won't be able to pay the credit in full by the end of the month, and instead was thinking…
Paying off interest free credit card
Hi all I have had an interest free Sainsbury credit card for the past 27 months and the interest free period is set to end on 2nd September. Over the months I have just been making the minimum payments (my direct debit is set to make minimum payments only) I have got the money to pay the balance off sitting in a savings…
depositing into a bookie
I keep getting charged for depositing into a bookmaker - how can I avoid such charges. They see it as card and charge the same if I bought lottery tickets or currency.
Sending money overseas
Hi, not sure if this is the right board, but I’m looking for advice on sending money regularly overseas. I need to make a monthly payment in US dollars to an account in the US. I know they accept PayPal. My question is: can I set up PayPal to use a card which will give the best rate/lowest fees? I have a Starling Card,…
Advice sought: child & partner are in so much credit card debt
hello. as the title says, my child and his partner have got themselves in so much debt and as they're not seprating they are trying to split it equally but as it's mostly on cards they're struggling to figure out the fairest way. they have 2 small children and we are trying to help them find the best solution (amongst a…
capital one - cash transaction
For capital one (Cap1) Does anyone know if it's made clear that a transaction is classified as a 'cash transaction' as soon as it's processed (i.e. when it appears in 'recent transactions' via online banking) or is it only made clear when the statement is produced? Of course, I'm aware that interest owed is only shown on…
MBNA lost cheque
Hello we recently remortgaged and had enough over to pay off our credit card with MBNA. The trouble is it got paid on an old slip and it went into their old account, apparently they have changed pay in details this year. For 2 weeks now we have been calling them and the card still has not been paid off. My husband was the…
Credit cards advice
I hope I am posting in the right part of the forum. I am looking for some advice for my situation. I want to get my first mortgage in approximately 2 years from now (1 year might be an option too) but I do not have any credit score history. I also wish to buy a new car within the next 5 months, using a 0% interest purchase…
Capital One Classic Complete
This card gives 0% spending for 4 months. Does anyone know if I would have to start using it within a particular timeframe to get the 0%? Ideally I'd like to get the card now, spend on it in Nov and get the 0% from that point
Any good zero percent offers about?
I'm looking to do a balance transfer and was wondering if there are any lenient lends about doing zero percent deals? I've looked through the credit club and Natwest, looks like my best option. Although I have a (fully loaded) card with them already, so not sure they would give me a new one, with zero percent? I've done…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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Credit cards

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