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Can NatWest do this?
PaydayNightmare
Posts: 3 Newbie
in Credit cards
On 23 Feb my credit card is at £566.05, which is over my credit limit of £500.
I paid £76.05 which was processed almost immediately on Faster Payments. This brings my balance to £490 and within my limit.
Later, NatWest charge £9.58 interest, and slap a £12 overlimit fee on top of it, bringing me back over my limit at £511.58 :mad:
Is this right? Are they allowed to process interest before payments, even if the payment was made first?
I paid £76.05 which was processed almost immediately on Faster Payments. This brings my balance to £490 and within my limit.
Later, NatWest charge £9.58 interest, and slap a £12 overlimit fee on top of it, bringing me back over my limit at £511.58 :mad:
Is this right? Are they allowed to process interest before payments, even if the payment was made first?
0
Comments
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Yes, assuming that coincidentally this was the monthly statement date0
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No, the statement date was 17 Feb and they'd already charged the £12.00 late fee, which my payment of £76.05 included.
See i.imgur.com/i3zSS.png0
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