Unoffical Existing Customer Balance Transfers

ryan52

i recently transferred £800 from barclaycard to virgin. The full amount owed to barclaycard was transferred before the due date given, yet i have received a statement form barclaycard saying i owe them £10.19 in interest. Is this right? And do i have to pay the interest, even though the balance was payed in full, and i haven't used my card for purchases for months? i know its only a tenner, but im confused as to why i have to still pay them interest, even though the balance is now zero!
Thanks in advance.

udydudy

ryan52 wrote: »

i know its only a tenner, but im confused as to why i have to still pay them interest, even though the balance is now zero!
Thanks in advance.

It will be the interest on the balance from the last statement date. The last statement contained interest on your outstanding balance until that date. so the next one will contain interest on outstanding balance from the last statement date until the date the full balance was paid off.

caz88

Hi there,

Could someone please help me with some information and advice on corporate credit card charges?

I have an AMEX Corporate card and have been getting charges left right and centre from them for over 3 years. My company do not refund any of the charges and it is left to me to pay them.

I spoke to them today and when I asked if these charges were legal they said they ARE with Corporate cards but not credit cards.

Are they telling me the truth and if they are, can any one please tell me why this is the rule only for Corporate cards and not all credit cards

Many thanks for your help

Caz88

N9eav

Did quite well today. Transfered £3200 to MBNA for 1% fee and 2.9% for 9 months. Saves getting another card. Gives me time to close a few card accounts and get better deals. Thankfully my credit rating is good.

Haggled that deal down from 3% and 4.9% for 6 months.. Quite chuffed. I could have had several 0% deals for 6 months but with almost £100 transfer fee.... not as good as it sounds.

BrunoM

Caz,

corporate cards are effectively "charge cards" not regular credit cards. The deal is that the outstanding balance is paid in full each time within 30 (or whatever) days from the statement date. If your company have never told you this or provided any support for employees, it sounds like their management of their card programme is pretty ropey...

As far as I remember, the only charges you'll get on corporate card are for late payments, pure and simple, so you just need to pay in full within the time frame (if it's individually settled) or submit your expenses in full for the company to pay (if it's centrally settled), and that's - it.

Good luck

caz88 wrote: »

Hi there,

Could someone please help me with some information and advice on corporate credit card charges?

I have an AMEX Corporate card and have been getting charges left right and centre from them for over 3 years. My company do not refund any of the charges and it is left to me to pay them.

I spoke to them today and when I asked if these charges were legal they said they ARE with Corporate cards but not credit cards.

Are they telling me the truth and if they are, can any one please tell me why this is the rule only for Corporate cards and not all credit cards

Many thanks for your help

Caz88

RavingMad

A month after I clear the balance on my MBNA card and they cold call me offering 0% for 9 months (3% fee)

udydudy

RavingMad wrote: »

A month after I clear the balance on my MBNA card and they cold call me offering 0% for 9 months (3% fee)

I cleared my balance in full after a nice long 0% deal with BT fee cap. got an automatic increase in limit but no joy on another BT the offer was equivalent to a personal loan rate as such --6% !!.

But then I get a mailer in the post saying 0% on purchases for next 6 months!!. Where can I spend £20k??:eek: any body interested in a party!!...:beer: or maybe I can travel the world

NickX

udydudy wrote: »

any body interested in a party!!...:beer:

Yes :beer: :beer: :beer:

Credit_Demi-God

RavingMad wrote: »

A month after I clear the balance on my MBNA card and they cold call me offering 0% for 9 months (3% fee)

Similar thing here (still MBNA) but I'm a bit concerned now. Perhaps someone can voice an opinion.

I have £6k still left on a 9 month 0% deal due to be paid off in May 08. I then got cold called the other night offering another £10k at 0% until December (3% fee of course but nevertheless...). I'm not sure the guy knew I had 6k already o/s but maybe they do it deliberately.

Got off the phone after accepting and thought - when do I have to pay the 6k off? If I pay the 6k off in May will this count against my 10k instead? Or will I get away with paying the 16k in December?

I've got confused with this... anyone assist? Wondering if I should ring them up and say I've changed my mind or at least seek clarification but if anyone has had a similar experience and can give me a pointer that would be great.

CDG

udydudy

Credit_Demi-God wrote: »

I've got confused with this... anyone assist? Wondering if I should ring them up and say I've changed my mind or at least seek clarification but if anyone has had a similar experience and can give me a pointer that would be great.

CDG

Best is call and clarify and note the date and name of the person u speak to. I would expect your previous bt would revert to standard rate and the new bt would be at 0%. but not sure as the way I understood MBNA worked was only once the BT period ended did the next BT period started. infact thats what the lady said in mid march when i called for new offers(my BT was ending end of march). She called back after my BT period ended with a new offer. She had mentioned that any BT i did at that time would end along with the old one and hence she would need to call me back.

but they did start a new purchase offer at 0%.