Virgin Nectar card

MSnovice_3

Hi. Did I read Virgin Nectar card T & C correctly - is there effectively a charge of £101 spread over the first 12 months calculated as interest on £1500 credit (whether you want it or not)? :rudolf:

YorkshireBoy

MSnovice wrote:

Hi. Did I read Virgin Nectar card T & C correctly - is there effectively a charge of £101 spread over the first 12 months calculated as interest on £1500 credit (whether you want it or not)? :rudolf:

No, you read them incorrectly.

For an explanation, see my post #2 in this thread...

http://forums.moneysavingexpert.com/showthread.html?t=108138&highlight=total+charge+credit

...and post back if you're still not sure.

M_Thomson

MSnovice wrote:

Hi. Did I read Virgin Nectar card T & C correctly - is there effectively a charge of £101 spread over the first 12 months calculated as interest on £1500 credit (whether you want it or not)? :rudolf:

Do you mean the Amex Nectar Card?

jack92

Are you talking about the Nectar Amex card? If so, I phoned their CS to query that same point on their T&C's, only to be told that "it hadn't been worded very well" and that it should actually be read as an example.

Nicola