can you claim back credit card interest?

emandden

can interest be reclaimed on a credit card or is it just fees and charges?

lovinituk

So basically you want a company to lend you money for free for as long as you need it?!

[Deleted User]

emandden wrote: »

can interest be reclaimed on a credit card or is it just fees and charges?

None of it. PPI is the only one you might have a hope with.

d70cw6

reclaimed from who? your mother? sure - go demand her for it now!

DorisKelly

Are you asking credit card is deductible or not? If yes, Then the answer is some bank allows you to deduct certain expenses from your total income.

chanz4

yes you can refund the intrest

emandden

no i dont want money for free!!just asking the question to settle an argument..thanks

Hooloovoo

emandden wrote: »

no i dont want money for free!!just asking the question to settle an argument..thanks

You need to provide more details of the argument.

Reclaimed from who?
For what reason?
Under what circumstances?

emandden

a friend told me that it was possible to reclaim interest and charges on credit cards now.....i didnt believe it and couldnt find much info online so thought i would ask on here!hes going to try to claim his charges,fees AND interest!!I didnt think that would be possible

jonesMUFCforever

Interest - no unless the lender has made a mistake in charging you when they should not.

[Deleted User]

emandden wrote: »

a friend told me that it was possible to reclaim interest and charges on credit cards now.....i didnt believe it and couldnt find much info online so thought i would ask on here!hes going to try to claim his charges,fees AND interest!!I didnt think that would be possible

On what basis did 'your friend' suggest this may be possible? :huh:

Was he able to provide any independent sources to support such a claim?

You say 'your friend' is going to try to reclaim charges, fees AND interest. So he hasn't even been successful himself yet.

You can claim for anything. But that doesn't mean you will be successful.