Virgin credit card new charges

mattbass

A letter from Virgin I recieved today.

"From September 9th 2006 the handling fees for balance transfers, cheque transactions and cash transactions will be 3% of the amount of each transaction, and at least £3. For balance transfers and cheque transactions only, the maximum fee payable will be £75"

:mad: Poo, that pretty much condems my fave stooze card:mad:

YorkshireBoy

Could I ask how long you've had the card, and what your original BT fees were?

happyformonths

At least the BT fee is still capped. This is valuable when you're moving large amounts, and some lenders (Egg anyone?) now don't cap. Oh yeah, and then charge interest on the BT fee as if it were a purchase - which Virgin don't do (or certainly didn't used to!).

I agree though, slippery slope down which all lenders seem to be happily throwing themselves.

HFM

mattbass

YorkshireBoy wrote:

Could I ask how long you've had the card, and what your original BT fees were?

I am about half way through my second 0% 9 months on the card. First 9 months was totally fee free, second one cost £35(think) bt fee.

YorkshireBoy

mattbass wrote:

I am about half way through my second 0% 9 months on the card. First 9 months was totally fee free, second one cost £35(think) bt fee.

Thanks for that mattbass. I'm on my second 6 month repeat (1st 9 month BT free, but next 2 both had a £35 fee). I'll expect the same letter shortly then!

tony2k6

I've read your posting with interest, but why don't you transfer you'r balance to a different card. For example: The Post Office credit card with O% on BT's for 6 months and no Transfer fee?

M_Thomson

There are different terms and conditions for different MBNA cards. Some people have a cap at £35 or £50 which is soon to increase to £75. All new MBNA cards are 3% with no maximum.

mattbass

tony2k6 wrote:

I've read your posting with interest, but why don't you transfer you'r balance to a different card. For example: The Post Office credit card with O% on BT's for 6 months and no Transfer fee?

Thanks for the tip. The balance on the virgin card is just one of several involved in multiple transactions built up for the purpose of stoozing. As is the balance currently being transfered to the post office card from nationwide. I was lamenting the fact the this card may play no futher part in the transfer merry go round. If you are not familiar with stoozing you may wish to read here.

http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1076883546,34894,