Credit Card PPI

LanceP112

Hi I am sorry if this has been answered. I have tried to find it but can't find anything on the forum.

I have a credit card through debenhams (Newday) and have always paid the card off in fill, would I still be able to claim PPI?

Thank you,
Lance.

[Deleted User]

Did you ever pay any PPI? Clearing in full generally means you don't.

You can complain (not claim) about it being mis sold if you believe it was, but zero payments will result in zero redress.

Although you would also get 8% interest on the zero.

dunstonh

have always paid the card off in fill, would I still be able to claim PPI?

PPI is usually only charged on the credit balance you do not repay each month (if you have it). So, if you repay in full each month, you would are unlikely to have paid any PPI.

You should know this already as you are using current tense which indicates you still have the card and use it. So, are you seeing a PPI deduction each month?

[Deleted User]

LanceP112 wrote: »

I have a credit card through debenhams (Newday) and have always paid the card off in fill, would I still be able to claim PPI?

First thing to establish is whether you actually had a PPI policy and, if so, whether you actually paid anything. You can do this by examining your statements and/or by asking your card provider directly.
As others have pointed out, PPI on credit cards only covers the outstanding balance so if you always paid it off you are unlikely to have paid anything even if you had a policy.

LanceP112

Thanks for the replies, very helpful!

Thanks again,
Lance.