-
Interest charged on credit card statement for new purchase??
I have an M&S credit card with an existing balance of £600 - last month I used it to make another purchase for £2000 - just received my statement and have been charged interest for the £2000 purchase - is it correct that there is no interest free period on new purchases when I already have a balance owing????
-
HSBC credit card application doesnt exist
Hi. Im just off the phone with HSBC.I applied for a credit card that was listed on the website as one with a slightly longer period for 0% interest on purchases. As above they've told me theres no record of it after I tang about an update. I asked about reapplying again and they said it won't let you if an application…
-
Maximum Halifax Clarity credit card limit
We (wife and I) have a Halifax Clarity credit card with a £5000 limit that we've had for about three years. Always pay off the full balance, modest user, probably around £5000 or so a year. About to leap into buying lots of flooring and related kit for the house and plan to pay by credit card to get the protection that…
-
MBNA Credit Card Statement
I received this email from MBNA which in my opinion does nothing for people who cannot login and whom are not Computer Literate .... Herewith the statement From MBNA We’re getting in touch to
let you know from 1
November 2023 we’re changing the way we send statements for
some credit cards. We’re experiencing some issues…
-
amex nectar membership fee
as the subject says the membership fee just had a email from amex saying there nectar card fee is going up from £25 to £30 from 29 feb24 i do get my petrol on it also my council tax can be paid on it
-
Wave Credit Cards
Hi All I received an email yesterday (Monday 30th October) telling me that they are closing my account on the 2nd January 2024. The email had this line: We’ve
taken the difficult decision to close all Wave credit card accounts. This is
purely a business decision and is not because of the way you’ve used your
account. How…
-
Credit Card which allows Joint Access
I have just had a very long and frustrating Chat with Barclaycard about my wife's inability to see our Barclaycard account in the Barclays App. Apparently it is a Barclaycard policy for the lead account holder only to see the account in the app for "security and safety" reasons!! As I tried to explain, my wife has her own…
-
Email - Your balance is over your credit limit
Hi All In September I received an email from a Credit Card Provider with the subject line: Your balance is over your credit limit. After phoning them I found out that my balance was under my limit and that even with interest charges that month, it would still be under the limit. Was not too happy about the email, as the…
-
Paying off Amex Credit Card
Got the Amex preferred Gold credit card. Am I right in that it funcitons like any other credit card: JANUARY - spend some money FEBRUARY - get a bill MARCH - they take the money for the bill Also, when setting up to pay it off, I am confronted with three options: * Minimium * Statement Balance * Total Balance I don't want…
-
Is a balance transfer card worthwhile?
Hi all, Atm I have an RBS credit card with an apr of 10.5%, I don’t often use use it, maybe for the odd larger purchase etc and I make sure I always pay above the minimum every month. From what I am aware 10.5% is quite a good rate so I wouldn’t want to do away with this card altogether, the balance currently is around…
-
BT now or wait until closer to end of current 0% period
Hi, my current 0% interest balance transfer period with Sainsbury's Bank is coming to an end in August 2024 (9 months) currently have a balance of £4345 and I'm unlikely to pay off in full before then. Been looking at other balance transfer options but it's a bit dry out there. Have already just opened a Tesco Bank credit…
-
Credit card payment
Hi, I have a credit card with lloyds bank that had a balance transfer on it at 5.9% and then I had some purchases at 25.50%, when I’ve made payments it’s not been coming off the highest earning interest, is this right? I was under the impression that this is the way it should be, am I wrong? If not, is there anything that…
-
Section 75 - bank asking for independent assessment
Hi all, After a bit of advice. Long story short: We purchased via credit card some flooring, and it was fitted by independent professional fitters. Once laid it was clear something was not right, and indeed the floor now creaks/moves up and down when walking on it. The fitters were able to prove to us that they laid this…
-
Low balance write off
Noticed this on my tesco card lately, I guess someone realised the cost of a payment been made even by DD isnt worth it if the transaction is low enough, so I assume if a balance is small enough it just gets written off. In my case I had timed a 0% offer payments to end the same month the offer ended, and it seems £14…
-
Missing funds from balance transfer
I initated a balance transfer from my Cahoot credit card to another credit card due to favourable rates for the sum of £2'500 on 31 August 2023 and the balance was taken immediately, two weeks later I noticed that the funds had not been transfered in to the alternative account. I chased this up contacting Cahoot and they…
-
Amex application
Just an FYI for those considering applying (given the additional promotional rewards currently). As part of my plan to increase the diversity of my portfolio of rewards CC's I decided to take the plunge and apply for the Amex Preferred Rewards Gold CC (via friends referral) after eligibility checking on their own website…
-
Can someone help me understand CC interest?
Hi everyone, I'm relatively new to credit cards and I'd like some help understanding how the interest payment works. Here's my numbers: August statement £0 September statement £171 due 16/10 I set up a DD to pay £5, so I manually paid £166 on 16/10. However I set up the DD too late so it didn't go out. Since my September…
-
Cash on credit card by mistake
I took the wrong card out of my wallet yesterday and draw cash on my Nationwide credit instead of debit card. I'm stuck with a £3 fee, but is there a way to pay it off to stop the interest ticking up without paying the whole balance six weeks early?
-
Can a credit card refuse to return funds if the account is in positive credit
In order to obtain some low cost funds I took out a new credit card with 0% transfer rate for 2 years. I then completed the transfer to a card with little balance putting the card into a positive balance. I have done this in the past several times over the last decade but not for a couple of years. Normally I have just…
-
Second credit card
Is it better to apply for a credit card whilst already having one with a £0 balance or closing that account and then applying for a new one?
Discuss the art of making money by earning interest on cash that credit cards lend you at 0%.
3.5K discussions
19.3K comments
Most recent: Are BT 0% offers usually on new cards? by kimwp
5 August at 9:57AM
