Store card turned nasty!

McKneff

speedbird1973 wrote: »

OOOO in that case a store card is really the same as a national insurance card.. as it's small plastic and has numbers on the front!!

:rolleyes:

McKneff

Good post there Edinburgher, wish I'd said that.
:rotfl::rotfl:

biscit

never-in-doubt wrote: »

Actually, a store card is not a credit card and are treated entirely different, certainly the laws are affected (i.e. no s.75 protection to name one) - so before getting high and mighty get your facts straight!

Also, storecards do have much higher APR's than standard credit cards. Maybe it would be good for the OP to suggest to their friend that they get a credit card and pay off the storecard on the credit card as a Balance Transfer (if applicable - who is the storecard with exactly?)

That's a good post, with some useful detail, and a constructive suggestion. Thanks for that!

As you rightly point out there are important differences between credit cards and store cards which may limit the OP's friend's options.

I'm unclear as to what's happened to the card, has it been converted to a credit card account, or have they changed the T&C?

never-in-doubt

McKneff wrote: »

Actually - In principal its the same, you buy things on credit with it, you pay it back in installments -

The OP didnt understand the principal - i was explaining it to them.
No need to be so pedantic, that picky to you!

No, sorry but you're clearly wrong and need to accept that! A storecard is nothing like a credit card, want me to list the differences for you - like all 300+ of them? (slight exaggeration but hey!)....

Its not being pernickety (I think is the word you wanted to use ) its being correct - big difference i'm afraid.

McKneff

tosh, you hand over a store card in a shop, you get credit with the store card, in principal its the same, and please dont correct my use of the English language, pedantic i said and pedantic i meant. .

Anyway, theres no point in arguing about it, life's too short.

bengal-stripe

never-in-doubt wrote: »

A storecard is nothing like a credit card,

That might have been correct ten years ago, but no longer. There was a time, when a M&S card could only be used in
Marks & Sparks and a John Lewis card only within the Partnership. Today, most former store cards have become fully fledged
credit cards and you can use them at any place, where VISA or Mastercard is accepted.

cathjojess wrote: »

Have been told by friend they had a store card turn to credit card,

That seems to be the case here: fifteen years ago it was a store card, than at one point, it was upgraded to a credit card.
(Just like my John Lewis card.)

never-in-doubt

bengal-stripe wrote: »

That might have been correct ten years ago, but no longer. There was a time, when a M&S card could only be used in Marks & Sparks and a John Lewis card only within the Partnership. Today, most former store cards have become fully fledged credit cards and you can use them at any place, where VISA or Mastercard is accepted.

Yes, I am aware of this but you miss the point - a credit card is still not a store card! Same as the Debenhams cards, when they introduced their version of the CC (Mastercard) they automatically upgraded their storecard customers first unless they opted out.

However, it is possible to either have a store card or a credit card and my point remains they are entirely different. So my Debenhams storecard cannot be used in Tesco can it? Similarly, my wifes New Look card cannot be used in Esso petrol stations can it?

Thus my point that they are different is accurate, even though I understand what you're saying, in that it is likely the OP had an old M&S card or whatever that has been upgraded to the credit card, but I am stating that a storecard differs to a credit card.

mc33033

never-in-doubt wrote: »

Actually, a store card is not a credit card and are treated entirely different, certainly the laws are affected (i.e. no s.75 protection to name one) - so before getting high and mighty get your facts straight!

This isn't correct - store cards are not exempt from section 75. As long as the normal criteria are met - credit is provided, amount over £100 and less than £30000 then the consumer will have exactly the same rights against the provider of the store card. So if you have a GE Money store card from River Island and buy a jacket for £150 which is faulty then you would be able to progress a section 75 claim against GE.

If the store card was done in-house with the retailer providing the credit then the claim would be soley against the store/section 75 may not apply as there would be no seperate finance company, but how many companies do that as opposed to contracting it out to GE/Creation/Barclays/Blackhorse etc?

never-in-doubt

mc33033 wrote: »

This isn't correct - store cards are not exempt from section 75. As long as the normal criteria are met - credit is provided, amount over £100 and less than £30000 then the consumer will have exactly the same rights against the provider of the store card. So if you have a GE Money store card from River Island and buy a jacket for £150 which is faulty then you would be able to progress a section 75 claim against GE.

If the store card was done in-house with the retailer providing the credit then the claim would be soley against the store/section 75 may not apply as there would be no seperate finance company, but how many companies do that as opposed to contracting it out to GE/Creation/Barclays/Blackhorse etc?

Well spotted..... I stand corrected (never thought there would be a need to claim s.75 with a storecard, surely you'd just refuse to pay but as you rightly point out, this would be hard nowadays what with all the outsourcing! )

s75. — (1) If the debtor under a debtor-creditor-supplier agreement falling within section 12(b) or (c) has, in relation to a transaction financed by the agreement, any claim against the supplier in respect of a misrepresentation or breach of contract, he shall have a like claim against the creditor, who, with the supplier, shall accordingly be jointly and severally liable to the debtor