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Full interest for missed payment

BBC mentioned briefly today that credit card companies may start to charge the full interest charge if any one payment is late on 0% BT deals.
Anyone know which cards are involved ?
Peter

Comments

  • CTT_2
    CTT_2 Posts: 403 Forumite
    One I know is MBNA.
  • forcedv
    forcedv Posts: 95 Forumite
    Part of the Furniture Combo Breaker
    AMEX is another.
  • peawack
    peawack Posts: 320 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    It was only a brief mention but I thought they were talking about a retrospective penalty payment, ie, you pay them what you would have saved at 0%. I hope I got that wrong ! It was early in the morning !!
    Peter
  • oldfella
    oldfella Posts: 1,534 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    usually if you dont meet the T&Cs - ie fail to make a minimum payment, the 0% offer terminates immediately. I doubt they could make it retrospective, possibly back to the last statement date you failed to pay.

    Mike
  • peawack
    peawack Posts: 320 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Yes, I did get it wrong ! Just read the ceefax page, but I am surprised to read that only two thirds of companies revert automatically to the hig rate.
    Peter
  • Phoenix79_2
    Phoenix79_2 Posts: 1,434 Forumite
    I made a late payment on my capital one card (yes i know i should have a DD set up!) and they never cancelled the 0% deal. I've transferred it all to MBNA now anyway as the 0% was nearly up.
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