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Pay off cards with available funds or continue paying minimum and invest available funds?
What to do?! I have credit card debt of around 25k, these are 0% until 2025. Through fortune I have available funds to clear these cards, but would it be better to keep the 25k in a high interest account and keep paying the min on the cards? Will hopefully be looking for a mortgage in the near future. Would this plan have…
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Nationwide Credit Card
I'm sure I posted this earlier but seems to have disappeared with no reason why. Anyway. My card was declined yesterday and decided to check it. High bill required to pay which made no sense, nothing showing on transactions. Called them, they claim its because I didn't pay last months bill. However, speaking through this…
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Can I pay for someone else to protect them with S75?
Hi, I’m dealing with a friend’s car at a garage and they don’t have a CC. There is potential that their work has been sub-standard or dishonest, which we will find out when the car goes elsewhere soon. Can I pay on my credit card for extra protection? And then submit a claim on my own credit card should there be any issue?…
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Rejected for credit card despite credit score of 1000/1000 - !!!!!!?!
Hi all The title says it all - I have a Barclaycard Platinum Visa credit card that I took out some years ago as it offered commission / currency conversion fee-free overseas purchases / ATM withdrawals - these are the only times I ever use the card - am not really a credit card person. This got withdrawn a couple of years…
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Credit Card Issued to Incorrect Address
Hi, I requested a new American Express card as my old one was giving me trouble. It never arrived and when I contacted American Express it appears they have sent it and other documents to an incorrect address. They have looked into the matter and advised that their agent input my address incorrectly to their system and…
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Should I close a credit account?
Firstly a short history of my finances. Had 2 CCJs, struggled to get a phone contract. I eventually got one and even a £1000 paypal credit limit. 2 years ago, credit karma said I'm 100% guaranteed a virgin credit card at a better interest rate (26.9%) than PayPal (39.9%). CCJs are no longer on my file and today was told…
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Do we need to change the way credit cards can charge interest?
Like many people I pay off the full balance of my card every month, the interest rates are so high (wish we could change that from the profiteering) I don't want to be charged interest. For my own personal reason, I do this payment manually rather than using the bank's automated system. Interestingly this last month, I…
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Mortgage/ Credit Card advice
Hello, We are fortunate that family have helped clear our credit card debt (we need to pay them back when we can though) and our mortgage is up for renewal in November 2024. Which I am concerned about because we currently only pay 1.69% interest. I have closed our credit cards but I wondering if it would be beneficial to…
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Can applying for multiple credit cards in short span hurt me?
Okay, so in a bit of a conundrum here... I'm going abroad for 3 weeks next month. While I travel, I want to use a credit card solely purposed for travel - better exchange rates, not having to "top up" a travel debit card, pay only for what I use etc. I'm totally clean - have a card with said main bank, paid with direct…
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Amex Annual Fee Hikes
https://www.headforpoints.com/2023/10/11/american-express-to-sharply-raise-annual-fees/ * The American Express Preferred Rewards Gold card increases from £160 to £195 per year (the first year remains free) * The Platinum Card increases from £575 to £650 per year * The Harrods American Express Card increases from £150 to…
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Amazon Newday ending November
Check your inbox in your Newday Amazon account for all the details but basically it's changing to "Pulse" cashback at 0.25% capped at £150 per year. Not sure what happens to the existing reward points if you have less than 1000 by November. Hopefully they will be generous and convert the balance regardless of the amount…
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balance transfer error
HI hope you can help me . I applied for a balance transfer card from Tesco last week and was accepted. Once the cards arrived i transfered £1700 over from Natwest and decided to transfer a £400 from Barclays and close account down when completed. both transactions were showing as pending on my Tesco app. This morning i…
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What's changed so drastically?
Hi all, just after a bit of insight if anyone could help? I've spent the last 15 years surfing CC 0% offers. I always pay off at the end of the 0% term and hop onto the next card to start again. I'm a pretty savvy saver with a lot of savings, but use a credit card to put all my big purchases on and average out the…
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Purchase Car with 0% Credit Card
Hi all, we planned to purchase a car on 0% credit card, as no interest, and will have the money sitting in our savings account until due to pay after 2 years (paying credit card monthly minimum payments until then). But I have contacted 6 dealerships and none will accept credit card and trying to get me to take finance (no…
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Can you keep moving between 0% 0fee balance transfer cards?
Ive tried searching on the forum but i think the word transfer is too generic. I owe £7000 on a 0% tesco credit card which expires next month. I want to transfer to a 0% 0 fee balance transfer card such as the current NATwest offer for 14months. In 12-13months will anything stop me from transfering to a new 0% balance…
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AMEX Direct Debit Bounced back - implications?
Hello, My Amex direct debit collection from Barclays failed as I was missing 3gbp to cover it. Amex tried to collect funds on 8th of September, I received it back on 11th of September (as it failed), and after I topped up my account, AMEX successfully collected it on 18th of September (on second attempt). As a result, I…
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118 and marbles card
So I have a few credit cards all with low limits and hardly anything on them over the last few months I have gradually been carrying balances on them. the 118 had £2,700 on it limit of £3,700 and marbles had £4000 on it and a limit of £4,500 I have finally paid both off it’s took a bit of hard work and lots of overtime but…
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NatWest Credit Card payment pending
My NatWest Credit Card payment is due today I made the payment Friday night around 10pm (via the app facility to transfer funds from my NatWest current account) but the statement still shows the ‘Payment’ transaction as Pending Should I be OK? I appreciate there was the weekend but would have expected it to clear during…
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Confused about why my monthly credit card spend is affecting my credit rating.
Let's say I have a £1000 credit limit on my credit card and each month I spend £999 but pay £999 back before my statement is due so that I only ever have £0 as my final balance so no payment is due. But each month my credit card provider is reporting to the credit reference agency that I am exceeding my credit limit. Can…
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Is it still possible to get the Amex Green Charge Card?
Title, really. If one was to get the Basic card, would it be possible to subsequently upgrade to the Green card? Or is that completely withdrawn from the market? Don’t ask why I specifically want the Green Card. I got reasons.
Discuss the art of making money by earning interest on cash that credit cards lend you at 0%.
