Natwest Credit card---be aware.....

sistafromanothermista

:wave:
Evening all, i recently applied for the Natwest CC, 1% BT fee and received my card today, just to let others know and be aware that in Martins :money: cards and loans section it says min payment is £5 or 1% of the balance...THIS HAS NOW CHANGED.... and is now 2.25%

Ok for me as i transfered from a card which was 2.5% so mine is lower now (just) but just to make others aware and hopefully :money: can change this in his info on the webpages....

YorkshireBoy

sistafromanothermista wrote: »

...be aware that in Martins :money: cards and loans section it says min payment is £5 or 1% of the balance...THIS HAS NOW CHANGED.... and is now 2.25%

Really?

The summary box and sample T&Cs on their website still state 1% plus interest etc, or £5...whichever is greater..

Summary Box

T&Cs

sistafromanothermista

I think so.
On the reverse of the letter which the card was stuck on under 'payments' it says;

The minimum payment will be the greater of;
(i) £5 or the full balance if less
(ii) 2.25% of that months balance


Unless i'm reading it wrong

sistafromanothermista

I hope i'm wrong! and you're right Yorkshireboy...i think i'll call them tomorrow and clarify...

The_Boss

Is this the sort of thing that could vary depending on how NatWest score each applicant?

sistafromanothermista

That's what i wondered TheBoss, but i was approved with an 11k limit despite having another card with a 12k limit and another with 6k limit so my credit score must be fairly ok? I'm on hold to them now and they close at 8pm....hopefully i'll be able to clarify.

sistafromanothermista

Well, just got off the phone and apparently i should have had a notice of variation leaflet sent out too(which i didn't)
In this document (which she read the section out to me) it is only cards taken out before 31 Dec 2010 which are liable for the 2.25% min and any after that is 1% min.
That's good
I'm glad to be wrong (for once, doesn't happen very often.....;):o:D)