being charged to transfer a balance is this normal?

macca

Got a 0& Abbey credit card and asked to transfer a balance when I applied now after a month I want to move a balance again and they say this will cost me up to £35 - are they having a laugh?
Also as I have to make the full payment in 6 days time do I have any choice as I don't have enough time to go to another card provider.
I'm shocked.
Many thanks
Macca

Reaper

Yes this is normal for MBNA cards now. In fact you are lucky as the 2% balance transfer fee is capped at £50 or unlimited in some peoples T&C.

Only balance transfers at the time of application are fee free. The only exception for MBNA cards is Virgin which is supposedly fee free throughout the 0% period, although people do sometimes get charged seemingly in error.

6 days is not enough time to get another card.

Woby_Tide

another one to file under "You did read the terms and conditions when you signed the agreement?"

http://www.abbey.com/cash/credit_cards/credit_cards_balance_transfer_card_facts.html


Charges

Typical rate 15.9% APR (variable) on card purchases.

2% (min. £2, max. £35) may apply when you transfer balances and will always apply when you write a credit card cheque.



2% (min. £2) when you take money out over the counter or use a cash machine



Using your card abroad: 2.75% commission on foreign currency transactions.

deemy2004

yes

if people are going to play the stoozing game, then one thing you have to get right, right at the beginning is to READ THE TERMS AND CONDITIONS ! You cannot blame the card company if you missed something in the T&C and end up getting charged.

I always summarise the main points for ALL cards as there are many differences between them all.

fatboyonadiet

Myabe try saying you want to transfer a balance but will only do it if they wave the charge, has worked for me and might work for you, worth a try.

monki_man

I cannot agree anymore that what Deemy wrote. The golden rule of Stoozing/being a CC Tart is read the T&C. Even the summary box would mentions any B/t charges.

Also, its important you have to rememeber that everyone's T&C might be different so don't just assume all posters of this board t&C are the same.