Capital one

woodymeg

Hi can i ask maybe a silly question but can i reclaim the interest charged on my old card with this and late payment and overdraft fees this would clear my account with them.:rolleyes:

natweststaffmember

woodymeg wrote: »

Hi can i ask maybe a silly question but can i reclaim the interest charged on my old card with this and late payment and overdraft fees this would clear my account with them.:rolleyes:

You can claim interest on the charges

woodymeg

natweststaffmember wrote: »

You can claim interest on the charges

thank you , does that mean you cant claim the interest they charge you on amount owing.:o

Orford

woodymeg wrote: »

thank you , does that mean you cant claim the interest they charge you on amount owing.:o

No, they are perfectly entitled to charge interest on your purchases, but when they add late payment charges etc to your balance they will charge interest on the total balance, which means thay are charging interest on the charges as well. It's this interest that can be claimed

woodymeg

Orford wrote: »

No, they are perfectly entitled to charge interest on your purchases, but when they add late payment charges etc to your balance they will charge interest on the total balance, which means thay are charging interest on the charges as well. It's this interest that can be claimed

thanks for reply, so should i just stick to the 8% adn add this on my charges:p

Orford

woodymeg wrote: »

thanks for reply, so should i just stick to the 8% adn add this on my charges:p

TBH, for simplicity, that's what most people do. Remember to work out the 8% here, don't just add 8% to the total of your charges:
http://www.moneysavingexpert.com/reclaim/bank-charges#calc

woodymeg

Orford wrote: »

TBH, for simplicity, that's what most people do. Remember to work out the 8% here, don't just add 8% to the total of your charges:
http://www.moneysavingexpert.com/reclaim/bank-charges#calc

ok thanks have done x;)