RISE credit card

bbelt

Hello

Looking for a bit of clarification with regards to my new RISE card, can anyone with one of these answer my questions?

It is my understanding that card fees form part of your credit limit... I have a credit limit of £200... so really can only spend about £155 because spending between £100-£200 will cost £30 plus 10% of the balance is £15...

When are the charges applied? Am i correct in thinking that they give you notice and they are applied some 14 days later or something?

Can anyone with a RISE card clear these up?

Thanks in advance

grumbler

bbelt wrote: »

Looking for a bit of clarification with regards to my new RISE card, can anyone with one of these answer my questions?

It is my understanding that card fees form part of your credit limit... I have a credit limit of £200... so really can only spend about £155 because spending between £100-£200 will cost £30 plus 10% of the balance is £15...

I think it's the case for all credit cards.

When are the charges applied?

https://www.risecredit.co.uk/faq.php
"The fee is applied when your statement is produced and is based on the balance on your monthly statement so for example if your statement balance is £100 or less, then you will be charged a fee of £15. "
https://www.risecredit.co.uk/TermsandConditionsCLH.pdf
"1. Monthly balance charge:- One of the following charges will apply to any balance on the Account that is within the relevant range at the end of each monthly Account cycle: ..."

I read this as £15 is added to the statement balance making it £15 bigger.

Am i correct in thinking that they give you notice and they are applied some 14 days later or something?

I don't see anything like this, but I might be wrong.

bbelt

https://www.risecredit.co.uk/faq.php
"The fee is applied when your statement is produced and is based on the balance on your monthly statement so for example if your statement balance is £100 or less, then you will be charged a fee of £15. "
https://www.risecredit.co.uk/TermsandConditionsCLH.pdf
"1. Monthly balance charge:- One of the following charges will apply to any balance on the Account that is within the relevant range at the end of each monthly Account cycle: ..."

I read this as £15 is added to the statement balance making it £15 bigger.
I don't see anything like this, but I might be wrong.[/QUOTE]

Thanks, I glossed over this when going through the FAQ's and terms previous.

I called customer services and got the answer I was looking for.

Treadmill

So this card is basically a plastic PDL that charges you even if you have not borrowed (£3.50 for £0 balance) nice spin.