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Stoozing mess-up - please help

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BarGin
BarGin Posts: 975 Forumite
Part of the Furniture 500 Posts Name Dropper
Looks like I may have messed up my 1st attempt at stoozing. Can a stoozing expert out there please tell me where I went wrong as I have been charged interest on my Egg Card? My anniversary month is March and my credit limit is £6,300. The recent transactions on the card are as follows:

16 Feb balance 0.00
17 Feb Balance transfer in of £3,000
17 Feb Balance transfer in of £4,000
18 Feb Balance transfer out of £7,000
1 Mar Balance transfer out £6,000 (Anniversary transfer using my credit limit on card)
3 Mar Balance transfer in £2,000
3 Mar Received statement on which charged £4.60 interest (1.167% per month) on balance transfer (doesn’t say which)
7 Mar Balance transfer out £2,000
Current balance £6004.60

As far as I can see the only debt is the £6,000 anniversary transfer which should be interest free. I am worried that the interest may multiply next month. Should I pay back some or all of the £6,000?

Any help much appreciated.

BarGin

Comments

  • smartsaver
    smartsaver Posts: 968 Forumite
    I suggest you contact EGG. I am sure I have read here before that sometimes if you transfer money out on the first day of your anniversary EGG can charge you interest in error. They should pay it back. I can't see you've done anything wrong.
  • BarGin
    BarGin Posts: 975 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Thanks for the quick reply smartsaver I have sent Egg a secure message and will await their response.

    BarGin
  • realaledrinker
    realaledrinker Posts: 1,661 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    Yeah, I got charged because I did a BT on the first day of my anniversary month in February. A quick phonecall sorted the problem out.
    Ethical moneysaver
  • BarGin
    BarGin Posts: 975 Forumite
    Part of the Furniture 500 Posts Name Dropper
    I've had a message back now confirming it was their error. Thanks again for the the reassuring posts.
  • robowen
    robowen Posts: 3,042 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    BarGin wrote:
    I've had a message back now confirming it was their error. Thanks again for the the reassuring posts.


    I wonder how many people they have done this to ?
    There will be plenty of people who have just paid up or it will have just snowballed to something bigger.

    But then again ........most people who are into BT's and shifting debt here and there will be on this site, so will be wise to the problem !!
    If only everything in life was as reliable...AS ME !!
    robowen 5/6/2005©

    ''Never take an idiot anywhere with you. You'll always find one when you get there.''
  • Ricardoro
    Ricardoro Posts: 90 Forumite
    Made 2 anniversary bts for me and wife on 1st march and have been charged interest on both..EGG really need to get their act together !!!
  • deemy2004
    deemy2004 Posts: 6,201 Forumite
    Wait a few working days before makign the transfer in your anniversary month......
  • johnllew
    johnllew Posts: 1,928 Forumite
    Mrs JL & I both did BTs on the first day of our anniversary month - no interest was charged,
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