M & S 0% 15 Months Purchases

w4l5hy

YorkshireBoy wrote: »

Not all banks will accept them FOC. Who do you have current accounts with?

I have a hsbc current account

The_Enforcer

I read on another thread that HSBC charge a commission of 1.5%, however, I can confirm as of today, no commission at Halifax.

borokat

If I use the card to buy foreign currency at M&S will that be 0% for 15 months? Or should I do as the poster above and buy travellers cheques?

The_Enforcer

Travellers cheques purchased from M&S are categorised as a '0%' purchase on the M&S card. I don't have the terms and conditions to hand, but I expect that currency will constitute a cash advance and so the usual (probably quite steep) interest rates will apply.

NickX

The_Enforcer wrote: »

I expect that currency will constitute a cash advance and so the usual (probably quite steep) interest rates will apply.

This is not the case, currency and travellers cheques are both treated as purchases as long as they are purchased from M&S.

mrylandb

Have applied for card, expected an instant decision, but didn't get one. Now received a holding email stating that I will be receiving a decision by post "shortly"

Would be nice to get one - have recently cancelled 3 cards (2 store, 1 credit) which are no longer used, but won't be the end of the world if I don't get it

w4l5hy

The_Enforcer wrote: »

I read on another thread that HSBC charge a commission of 1.5%, however, I can confirm as of today, no commission at Halifax.

just phoned hsbc, they told me if you pay the TC's into your account there is no charge. i think there's only a charge is you want the cash there and then?

YorkshireBoy

w4l5hy wrote: »

just phoned hsbc, they told me if you pay the TC's into your account there is no charge.

Did you make it perfectly clear that the TCs were not purchased from HSBC? Because according to your 'fees and charges' document (and anecdotal information on this board) they're only done fee-free if purchased from HSBC...

http://www.hsbc.co.uk/1/PA_1_5_S5/content/uk/pdfs/en/90030_9_bankacctcards_trav_q1_new_web_dec10.pdf (see the Travel Money section)

i think there's only a charge is you want the cash there and then?

Why do you "think" that?

revell81

Does anyone know if eBay purchases paid via paypal count as cash withdrawals or purchases?

techmob

Do you still have to pay the balance off with monthly payments within the 15 month period ?

or can you just pay the whole balance off before the end of the 15 month period?