How can you tell PPI?

Gettingtherequickly

A couple of months ago, I found an old credit card statement which showed PPI, although not worded as PPI. I wrote to them for my SAR and they confirmed that I had been paying it without sending any paperwork, submitted claim a couple of weeks ago and last week got a response to say it is being investigated with all the usual time scales, so all should be well there.

Last night, as I am now on a roll(!), I was digging through old paperwork for shredding and found earlier statements for the same card which didn't indicate PPI, so I am a bit confused as to how it suddenly started appearing identifiable on the statement. Any suggestions?

Will write to the other card suppliers at weekend, I wouldn't knowingly sign up for PPI, and there is nothing to show it on the statements I found, but a couple of stamps is not going to break the bank.

dunstonh

Last night, as I am now on a roll(!), I was digging through old paperwork for shredding and found earlier statements for the same card which didn't indicate PPI, so I am a bit confused as to how it suddenly started appearing identifiable on the statement. Any suggestions?

Most credit card PPI was added post sale. Typically over the phone. Often when you phoned in for an enquiry on something they would then try and cross sell you at the end or if you were activating a new card.

Another thing it could be is that you only pay PPI when you borrow on the card past the interest free period. So, if you pay the balance every month you dont pay any PPI. Maybe you didnt borrow money on those other statements but did on the other one.

roonaldo

PPI is added when the statement is issued and usually something like 8% of the balance. Nil balance would equal nil PPI premium.