Avoid Mbna Credit Card Company

THE_LONE_RANGER_4

yes i can see where your comeing from but as ive said to buy a large purchase but pay off all the card end of month, i see wherre your comeing from on the overdraft issue too ive been in bad debt and now out you realy need to get out of the overdraft thing and the credit thing in order to be debt free as my accountant said to me its the out goings every month you need to watch on such things as cards loans etc they take away your choices on how to spend your money or save for in some cases up to 5 years are the things purchased worth it?? and the tie

Paul_Herring

campoal wrote: »

Yes I was near the limit on my card and they quoted a minimum payment on their monthly statement. This was paid via direct debit, but it was not enough to escape an overlim fee. I rang to query this and was told that their miminum payment is just a guide and customers should work out the correct payment to cover the extra interest.

Something doesn't ring true here - if you are indeed paying by direct debit, then they should be calculating the correct amount and requesting it.

And if you're going over your credit limit, then they will charge a fee.

maccaandclaire

THE_LONE_RANGER wrote: »

yes i can see where your comeing from but as ive said to buy a large purchase but pay off all the card end of month, i see wherre your comeing from on the overdraft issue too ive been in bad debt and now out you realy need to get out of the overdraft thing and the credit thing in order to be debt free as my accountant said to me its the out goings every month you need to watch on such things as cards loans etc they take away your choices on how to spend your money or save for in some cases up to 5 years are the things purchased worth it?? and the tie

I havent got that much left, £70 on Edge card which im paying off monday, and then its a £6k loan and £1200 overdraft. I want to get a credit card to clear my overdraft first and pay £150 - £200 a month back then up my payments to my loan from £150 pm to £250.

After having three credit cards in the past, I am sensible and know what bad debt is and as soon as the overdraft is gone, I will be getting rid of the card.

When I said about purchases over £100, I mean one offs like our honeymoon next year. We have saved for it so when the time comes to booking it, we will have the cash and its just a matter of paying the card off in full for that transaction, making our holiday covered. I will not be buying stuff on the card unless I have the cash first, thats just stupid.

Does anyone else see my point on this??

uktim29

Paul_Herring wrote: »

Something doesn't ring true here - if you are indeed paying by direct debit, then they should be calculating the correct amount and requesting it.

And if you're going over your credit limit, then they will charge a fee.

I was thinking that.

andyrules

I love my Cc. I don't have to carry sums of cash around, or a chequebook, which always had quite a small limit per cheque. I can use it on the net and I pay it off every month, getting an itemised list of my spending. I also get a bit of security with bigger purchases. I ditched Barclaycard ages ago when they added the fee, I now have an Amex - the people at CS are lovely and it pays me back!

Long live the free credit card!

That said - they obviously don't work for everyone, so there's always chequebooks and debit cards;)

YorkshireBoy

Paul_Herring wrote: »

Something doesn't ring true here - if you are indeed paying by direct debit, then they should be calculating the correct amount and requesting it.

Sounds like the overlimit situation was caused by additional spending between the statement date and the DD collect date.

Once notified (on the statement), the DD amount cannot be increased due to the DD guarantee 'rules' of 10 days notice.

When sailing close to the wind...

smut_1_00

uktim29 wrote: »

Is that because you invented such department and it doesn't actually exist?

I received a phone call from them the previous week about special offers that I was entitled to as a "loyal customer".

So I was slightly confused when the call centre wouldn't out me through.

maccaandclaire

THE_LONE_RANGER wrote: »

lose your job and see what they say when you cant pay the payment

If you pay payment protection, then you shouldnt be forced to pay as you are covered.

maccaandclaire

just applied online to MBNA and it only took me 5 mins to complete and to tell me that I have been accepted! Cant believe it was so quick! I was still trying to apply with Egg and gave up as it kept saying there was a problem! Only thing is I only have a limit of £1000 and my overfraft is £1200, can I ring and ask for the limit to go up so I can transfer it all or what?

THE_LONE_RANGER_4

maccaandclaire wrote: »

If you pay payment protection, then you shouldnt be forced to pay as you are covered.

i was made redundent twice the protection kicked in granted the first time , i got a new job with in a month got made redundent after 2 months they then wouldnt pay as i had not been in the job long enough, my friends card protection wouldnt pay from the start he got made redundent with me they never paid out as they said he had been prommoted in the the last 3 months again not long enough so he was not in the same job as when he took out the payment protection, told us both that we should read the small print