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M&S Money credit card

Just wanted to point out that they charge interest by the day on balance transfers. I must have missed it when I skimmed over the small print, so I'm in a situation where I have to pay 91p so I can finally cancel the card despite paying off the balance in full before the payment date :rolleyes:.

Comments

  • RTNI
    RTNI Posts: 817 Forumite
    Just be careful, if on your statement it says your balance is 91p, there could be more interest from the day the bill was printed and posted to the day that they actually get your money, which could mean you get a bill next month for an even smaller amount! :)

    RT
    Regards, Robin.
    2011 MFW # 34
    Mortgage starting balance at Sept 09 - £127,224 on 30 year term. Currently balance approx £116,945 (Updated Jan '12)
    Estimated MFD - [STRIKE]Sept 2039[/STRIKE]
    , April 2031 (in progress!)
  • nomoneytoday
    nomoneytoday Posts: 4,871 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I would send them £1 and close it :)
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