Identifying Credit card PPI

moonandback

I read the advice re PPI but am still unsure whether I have been charged for insurance. Is PPI shown on each months statement as a deduction plain and clear to see? As I pay my credit cards in full each month, is the PPI hidden in their interest rate charges.

dunstonh

Is PPI shown on each months statement as a deduction plain and clear to see?

Yes. Remember it would be a transaction that would increase the balance. So, it has to show. it either appears as a transaction with the retailer transactions or it appears next the the interest payment.

As I pay my credit cards in full each month, is the PPI hidden in their interest rate charges.

1 -no. that is not possible
2 - what interest rate charges? if you pay your balance each month you do not pay interest.
3 - as you pay your balance you wont pay PPI.

moonandback

Thank you for making things much clearer. I wrongly presumed that possibly the credit card company might include the PPI in their variable interest rates,collectively despite some like myself paying off the balance each month.

[Deleted User]

moonandback wrote: »

I wrongly presumed that possibly the credit card company might include the PPI in their variable interest rates,

Even if that were true (which it's not), you would not have paid anything anyway. Interest (and PPI) is only applied when your account has a balance.