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Charged a default fee for interest charges!

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I recently moved house, and to do so, I had to borrow off my credit cards until my sale completed. I made sure I stayed in my limit, and one of them was 40p under my credit limit! (last transaction 26th Sept) When the direct debit came out, I was a bit surpised at the amount taken, so I checked online. It turns out, they charged £55 interest on the 8th October, which took me over my credit limit, then added a default sum of £12, and then took the direct debit out on the 20th. I then lost my 0% rate! I have spoken to them today, and after HAGGLING from putting it back down 4.9%, I got it back to 0%, but they wont refund the interest charged this month. Are they right, or am I?

Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    What's 0%?
  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    So if your interest rate was 0% and you were within your limit, why did they charge you interest?
    Changing the world, one sarcastic comment at a time.
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    you have to factor in intrest in o your limit
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • I had a 0% interest rate for transfers to a credit account. When desperate, I withdrew cash, within my credit limit, and charge. I made sure of that when I checked my balance 5 days later.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    They're right. You were lucky to get so much goodwill out of them.
  • splattycat wrote: »
    I had a 0% interest rate for transfers to a credit account. When desperate, I withdrew cash, within my credit limit, and charge. I made sure of that when I checked my balance 5 days later.
    Well there's your major mistake.
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