Abbey Zero

greyhound31

I have just applied for the Abbey Zero CC which offers no fees for cash withdrawals and purchases. However, i have noticed you get this 27.9% interest on cash withdrawals even if paid of in full.

I don't get this, so could someone explain please. I will be spending £500 at end of the month in Malta and then paying it off in full by DD. When and how long for am I liable for these interest charges?

dc110

[FONT=Arial, Helvetica]> 0% cash advance fee
It’s reassuring to know that if you ever unexpectedly need cash from an ATM, you’ll pay zero fees for cash withdrawals1[/FONT]
[FONT=Arial, Helvetica][/FONT]
[FONT=Arial, Helvetica]1 Some independent ATM providers may charge a fee for cash withdrawals. Cash Transactions charged at a standard rate of 27.9%. Interest charged on all cash transactions from date of transaction.[/FONT]

Degenerate

You will pay interest at an annual rate of 27.9% for the period between withdrawing cash and paying the cash balance off.

simon_templar_2

You are best using the card for purchases and not drawing cash out.

payless

I loaded mine and put it in credit before going on hols - I know the CC issuers don't like this , but hoping it was a way around the interest fee.( awaiting statement to confirm it thats happened) So whilst I was charged $2 by the local ATM I am hoping to avoid any other charges ( I do have a NW debit card which charges a reduced visa/MC fee but not their own ATM fee like most other debit cards, also doing this allowed me to see whether the Abbey and NW give same rate - pre NW 6/5/09 change )

eslick

good luck with the application just because you applied and get accepted doesnt mean they will get round to sending you rhe card

payless

Abbey zero mastercard
NWide visa credit

Just oout of interest- checked my 2 credit card statements from purchases in USA ( prior to NW changing the new fee)
Nationwide Rate was better than Abbey for same day , so my guess is even though abbey says zero- it includes the small fee that to date NW have covered

SwissLe

Yeah I still am waiting for my Abbey Zero card, three weeks and counting

Jazzy_B

I applied on the first day it was launched and haven't heard a thing.