What to do?

christopher24

Please excuse what has probably been asked many times on here, but I am new here and old everywhere else with many age related problems.
Anyway, my missus was cruelly conned into spending £1200 on her Nationwide credit card and now we've received a statement saying we have a purchase interest of 15.9%.
After seeing Martin on TV talking about changing banks etc., I thought it may be a good idea to join and ask the forum for advice.
We are in our 70's and live on a pension. Should I try to swap banks and if so, which one should I apply to?
Best,
Chris.

BonkersBonkers

You can apply to any bank that will have you.

I am saying in a very nice way to a first time poster in the nicest possible way without wishing to cause any offence that I am very sorry but I don't believe your story.

Biggles

christopher24 wrote: »

Anyway, my missus was cruelly conned into spending £1200 on her Nationwide credit card and now we've received a statement saying we have a purchase interest of 15.9%.

I can't see how changing banks would make any difference.

bengal-stripe

christopher24 wrote: »

Anyway, my missus was cruelly conned into spending £1200 on her Nationwide credit card.

What do you mean with your wife "was cruelly conned" into spending on her card. If she was a victim of fraud or didn't receive the goods, she might be able to claim the money back from the Credit Card.

If she was "tempted" to spend on her card and buy things she regrets in the cool light of day, she might be able to return the items and get it credited on her card (reducing the outstanding balance).

We need more factual information (in less emotional language).

meer53

Changing banks won't affect the credit card balance. It will stay the same.

[Deleted User]

The figure of £1200 quoted makes me think the OP's wife hasn't spent anything but has just seen the typical figure quoted in the APR illustration.

OP - has your wife actually used the card? If so, for what?

grumbler

Biggles wrote: »

I can't see how changing banks would make any difference.

meer53 wrote: »

Changing banks won't affect the credit card balance. It will stay the same.

It will stop NW from taking money from the current account if the OP abandons the CC and stops making payments.

meer53

grumbler wrote: »

It will stop NW from taking money from the current account if the OP abandons the CC and stops making payments.

They didn't say who they banked with ?

grumbler

It was an educated guess that like many elderly people they have everything with one bank, Nationwide in this case.
This explains the question about switching the bank.

BonkersBonkers

OP's profile states his interests as 4x4 and martial arts - highly unlikely for someone in his 70's don't you think?

I nearly forgot - he says he is a writer - enough said I think.

Can't bring myself to type the T word.

christopher24

I will be 74 years old this year; I am a retired pro martial artist, I own a 4x4, I am a published author with the Random House Group and I continue to write.
My wife paid for flights from the US for two people; one with cervical cancer and the other with cerebral palsy. It is a long story but suffice to say, neither are ill. However, after seeing Martin Lewis on TV she thinks that she won't have to pay interest if she switches banks/building society. The question is really about not paying the interest if she changes to Barclays for example.
Hey, Bonkers,
I maybe in my 70's but don't write me off yet. One day you might be a pensioner.