We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
For late payers with introductory interest rates on credit cards...
Options

leepotton
Posts: 11 Forumite
in Credit cards
If you have a card with a good introductory rate then be very careful when making a late payment.
This happened to me recently and I called and spoke to them nicely and they refunded the late charge BUT BUT BUT they may change your special rate to their standard interest rate.......WITHOUT TELLING YOU!!!!!! I found this out and a phone-call later was put back onto the low rate.
Even if you are late paying and accept the charge you should check that you're still getting the low rate.
Lee
This happened to me recently and I called and spoke to them nicely and they refunded the late charge BUT BUT BUT they may change your special rate to their standard interest rate.......WITHOUT TELLING YOU!!!!!! I found this out and a phone-call later was put back onto the low rate.
Even if you are late paying and accept the charge you should check that you're still getting the low rate.
Lee
Charles J
0
Comments
-
All terms & conditions state that if you break the terms of the agreement that the rate will revert to the standard rate0
-
Precisely......but if you forget/don't realise then all your efforts to pay less interest is to no avail. If you realise it you could be reverted back like I was.Charles J0
-
Moral:
Set up a Direct Debit to pay the minimum amount each month.Ethical moneysaver0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.6K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards