£1 Amazon Credit Card Fee

matthewfelgate

There seems to be a £1 minimum fee on an Amazon Credit Card so if you don't use it one month you still get charged £1 that month. Did I read it correctly?

Fruit_and_Nut_Case

matthewfelgate wrote: »

There seems to be a £1 minimum fee on an Amazon Credit Card so if you don't use it one month you still get charged £1 that month. Did I read it correctly?

Do you have a link?

20aday

matthewfelgate wrote: »

There seems to be a £1 minimum fee on an Amazon Credit Card so if you don't use it one month you still get charged £1 that month. Did I read it correctly?

The only reference I could find in their current Terms and Conditions over at Amazon to a £1 "fee" is where Interest is due where the Minimum Interest Charge is a £1.

I had a look at the other fees they charge (for example, a Late Payment) but nothing for account dormancy.

Hope that helps.

matthewfelgate

Yes, the minimum interest charge of £1 - what does that mean..?

Torialou78

would think it means that if you have silly bill of like 17p or something and do not pay it you will get a £1 late payment charge. Normally its a percentage of what you are due to pay but think its saying if its smaller than £1 you will still be charged £1

opinions4u

It means if you always clear your balance in full you pay nothing in interest (unless you mess with cash transactions).

It also means that if you generate an interest charge that should less than £1 (but more than zero) they will charge you £1 regardless.

(I've not checked the T&Cs as I assume YorkshireBoy will do this later and I'm lazy)
https://www.euapplyonlinenow.com/UKNeoCCapp/entry?wicket:interface=:1:components/linkToTermsPdf.1::IResourceListener::&null

guesswho2000

opinions4u wrote: »

It means if you always clear your balance in full you pay nothing in interest (unless you mess with cash transactions).

It also means that if you generate an interest charge that should less than £1 (but more than zero) they will charge you £1 regardless.

(I've not checked the T&Cs as I assume YorkshireBoy will do this later and I'm lazy)
https://www.euapplyonlinenow.com/UKNeoCCapp/entry?wicket:interface=:1:components/linkToTermsPdf.1::IResourceListener::&null

^this. It's issued by Bank of America (so MBNA), they charge this minimum on all their cards to my knowledge.

YorkshireBoy

guesswho2000 wrote: »

^this. It's issued by Bank of America (so MBNA), they charge this minimum on all their cards to my knowledge.

Not all. For example, Virgin cards don't make this charge.

The relevant condition is 3.5

matthewfelgate

So if I spent £0 in one month, I will be charged nothing, right?

opinions4u

matthewfelgate wrote: »

So if I spent £0 in one month, I will be charged nothing, right?

If your outstanding balance is also £0 that's the case, yes.

But if you had a balance of, say, £210, made a £10 payment and then spent nothing new in the next statement period there would be a new interest charge on the remaining £200. This will be at least £1.