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Barclaycard oddness
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Sghughes42_2
Posts: 19 Forumite
in Credit cards
I've been meaning to ask this for ages but never got around to it.
I applied for and got a Barclaycard 0% until Aug 2005 card a while back. However, a long time elapsed between me being accepted and the card arriving and me activating it. However, Barclaycard started the 0% period from the acount being opened meaning I in effect had about 2 weeks to transfer balances over. I complained but to no effect.
However, I was told on the phone that the 0% on purchases applied for the life of the offer but all statements I have give an APR for purchases but 0% for BTs - any suggestions what's going on here?
I applied for and got a Barclaycard 0% until Aug 2005 card a while back. However, a long time elapsed between me being accepted and the card arriving and me activating it. However, Barclaycard started the 0% period from the acount being opened meaning I in effect had about 2 weeks to transfer balances over. I complained but to no effect.
However, I was told on the phone that the 0% on purchases applied for the life of the offer but all statements I have give an APR for purchases but 0% for BTs - any suggestions what's going on here?
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Erm, no, because I've not made any purchased on the card yet as the statement quotes an interest rate for purchases that, unlike the BT rate quoted, is non-zero.
That is in effect what I'm asking - if it quotes an interest rate will I be charged interest or do they quote this even during the 0% period?0 -
They have to quote an APR of, say, 12.9% on the statement. This would be your 'normal' APR.
HOWEVER
All purchases before 1 August on your card are actually 0%. They will each go down on the statement as 0% (Promotional) which means you won't pay interest on them until 1 August. The statement APR will continue to show the 'proper' APR but each promotional purchase will be clearly marked as 0%.Mortgage Feb 2001 - £129,000
Mortgage July 2007 - £0
Original Mortgage Termination Date - Nov 2018
Mortgage Interest saved - £63790.60
ISA Profit since Jan 1st 2015 - 98.2% (updated 1 Dec 2020)0 -
Erm, no, because I've not made any purchased on the card yet as the statement quotes an interest rate for purchases that, unlike the BT rate quoted, is non-zero.
That is in effect what I'm asking - if it quotes an interest rate will I be charged interest or do they quote this even during the 0% period?
On your statement
What does it state the estimated interest due ?
Is it perhaps £0 ?0 -
Yes, it is £0 as the only transaction on the card was a BT during the period to get them at 0%....
Thanks to Martins Love Child - I think you have answered the question. I guess the easy way to try it is to make a small purchase...0 -
Thanks to Martins Love Child
Mortgage Feb 2001 - £129,000
Mortgage July 2007 - £0
Original Mortgage Termination Date - Nov 2018
Mortgage Interest saved - £63790.60
ISA Profit since Jan 1st 2015 - 98.2% (updated 1 Dec 2020)0
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