Panicking: accidentally used wrong card

crowdedhouse

I just made a huge mistake! I used my 0% sainsburys balance transfer card to book some flight tickets. I already had £2000 on it that I transferred a few months ago so I still have a while to go on my 0%.

The flight tickets are not an issue. I can pay them off straight away as they were supposed to be on my debit card.

Am I now going to get interest charged on my balance transfer even if I pay the purchase off? Is this card all ruined now? :mad::mad::mad:

molerat

Have you gone over the limit ? If not then no interest will be charged on the BT but you need to understand the order of payments which will be in your T&Cs - paying off now may not pay off the purchase, you need to check.


edit: Just found the terms on line. If you are within limits the payment will go against transactions on a statement. You need to wait for this purchase to appear on a statement then pay it off taking a hit on the interest which will be charged from date of purchase.

[Deleted User]

Not if you pay it all off no

ThatKiss

molerat wrote: »

You need to wait for this purchase to appear on a statement then pay it off taking a hit on the interest which will be charged from date of purchase.

Just wanted to stress this. If you pay the cost of the tickets off before it appears on a statement, the payment would go against the existing interest free balance, so you would still then be paying interest on the tickets when they are statemented.

Ben8282

Wait until you get your statement then pay off the cost of the tickets immediately. As has already bee said, you must wait until a statement has been issued with the tickets appearing on the statement. or the payment will go towards the balance of the previous statement and not the tickets.
Yes you will pay interest on the purchase (but not your existing BT). How much interest you will pay will depend on how long between the purchase and the statement date.

18cc

Not sure if it would work but you could call the firm you bought the tickets from, ask them to refund the transaction and then re-pay using the correct card.

jonesMUFCforever

18cc wrote: »

Not sure if it would work but you could call the firm you bought the tickets from, ask them to refund the transaction and then re-pay using the correct card.

Very unlikely that they would agree to this - it would cost them in transaction fees.

Dobbibill

Once the transactions appear on the statement, pay the tickets off.

The following statement will see a few days of trailing interest for the tickets but nothing for the BT.

As said above, be cautious not to pay them off too early - this will have the opposite effect. They must be statemented.

18cc

Does a merchant not get their transaction fees refunded if they do a payment refund?

I would have expected that they did but I don't know the answer to the question

tacpot12

To prevent this happening in future, lock the card away somewhere safe. Don't carry it in your wallet/purse.

redux

This just isn't a problem, and certainly isn't worth messing about with refund requests.

As some people already said, pay this purchase back any time after the next statement. Doing it the day afterwards would minimise the interest, but don't be too wound up about it.

There might even be some people who deliberately do regular modest spending on a balance transfer card, preserving the benefit of more of the transfer for longer.