need help...ive been soo stupid

CLAPTON

3% fee mean that they charge you 3% of the value of the BT as a fee. so if you BT 2,500 then you would pay £75 as a fee ...

blumia

Hi there sorry to gatecrash ur post, but I too have a similar query that I would like some advice or clarification on.

Just recently got the capital one Platinum card with 0% transfer till October 2009 and 0% on purchases till Oct 2009. Just used it for balance transfer HOWEVER, had no choice due to unforeseen situation but to make a £30 quid cashwithdrawal..............after reading this post and checking the small print, seems that 'negative hierachy payment' will be come into play.....am soooooooo annoyed with myself as am soooo skint! Seems this £30 quid will cost me dearly as I cannot pay off my account balance. Will I have to apply for another 0% bt card? Any advice would be most appreciated, ok am away to kick myself now

YorkshireBoy

blumia wrote: »

Seems this £30 quid will cost me dearly...

At 1.94%, it'll cost you around 58p per month.

Not worth changing cards, especially when you've already paid a 3% BT fee and have around 14 months 0% remaining.

daveboy

Cash advance = withdrawing cash from a cashpoint

Purchase = using your card to pay for something in a shop or online (some exceptions, one being gambling transactions which are not treated as purchases)

Money savers always know...never use a credit card in a cashpoint. It's the worst thing you could do.

NickX

daveboy wrote: »

Purchase = using your card to pay for something in a shop or online (some exceptions, one being gambling transactions which are not treated as purchases)

Be aware that the purchase of some gift vouchers are also treated as Cash advances.

Very sneaky IMO :mad:

blumia

Thank you for the replies, it is appreciated

emandden

ok next problem is...i applied for a card with someone else to do a balance transfer and they have only given me a 750 limit when i need 2400.how do i get a new card that gives me the amount i need??

Moggles_2

emandden wrote: »

I applied for a card with someone else to do a balance transfer and they have only given me a £750 limit when I need £2400. How do I get a new card that gives me the amount I need?

The first thing to stress is that none of us knows the credit limit we will be given when selecting a new credit card.

If the worst happens, Martin's advice is to transfer what you can. Don't leave an offer unused out of exasperation. It's already on your credit file, so you may as well use it (Please see Martin's *Credit Card Limit: didn't get what you wanted?* article).

Which credit card did you apply for?

emandden

barclaycard platinum card

louiser123

hi can i claryify something too, just back to using credit cards so not sure please excuse if i am a bit thick!!

i have credit card withdrew 250 pounds this month i knew about the charges ect and i think it cost me £7.50 not bothered as i knew that and was prepared but i pay my balance off each month so if i pay my balance off again as i plan to do it will be back to 0 balance again am i correct??

oooh im so sorry for being a thicky!! :j