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Direct Debit ‘Admin’ charge

edited 30 November -1 at 12:00AM in Budgeting & Bank Accounts
6 replies 408 views
Zoe151Zoe151 Forumite
3 posts
edited 30 November -1 at 12:00AM in Budgeting & Bank Accounts
I’m a season ticket holder at a premier league club (you don’t need to know which one!) The window for renewal has been announced and prices are the same as last season (Hoorah!)
I usually pay in one go from a stash I put aside after my dad died) but looked at spreading payments by DD out of interest. I’m shocked to see that they charge a £40 ‘administration fee’ which is just under 10% of the cost log the season ticket! Is this standard practice/acceptable?
I have no idea! 🤷!♀️

Replies

  • GTR_KingGTR_King Forumite
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    Some Prem Clubs/Championship clubs do it as they like you to pay up front instead of DD Payments

    At my Club (League 1) it's About £10 more with DD but hay ho still happy with the price
  • ffacoffipawbffacoffipawb Forumite
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    Zoe151 wrote: »
    I’m a season ticket holder at a premier league club (you don’t need to know which one!) The window for renewal has been announced and prices are the same as last season (Hoorah!)
    I usually pay in one go from a stash I put aside after my dad died) but looked at spreading payments by DD out of interest. I’m shocked to see that they charge a £40 ‘administration fee’ which is just under 10% of the cost log the season ticket! Is this standard practice/acceptable?
    I have no idea! 🤷!♀️

    Everton charges a £40 fee. Seems a bit of a rip off really.
  • jonesMUFCforeverjonesMUFCforever Forumite
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    Zoe151 wrote: »
    I’m a season ticket holder at a premier league club (you don’t need to know which one!) The window for renewal has been announced and prices are the same as last season (Hoorah!)
    I usually pay in one go from a stash I put aside after my dad died) but looked at spreading payments by DD out of interest. I’m shocked to see that they charge a £40 ‘administration fee’ which is just under 10% of the cost log the season ticket! Is this standard practice/acceptable?
    I have no idea! 🤷!♀️

    Do you have the option of paying by credit card?
    A new purchase promotional rate card would be free to use?:beer:
  • yksiyksi Forumite
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    An "admin charge" is their way of disguising things, basically it's a loan you're repaying at 10% total interest.

    My car insurance has a similar overall difference in the amount you pay if you opt for the pay-by-the-month, so I opt to pay it in full. If you can't afford to pay it one hit, then I'm with jonesMUFCforever, it would be cheaper for you to get yourself a credit card with an introductory 0% purchase offer, and pay it with that, as long as you can get an offer with a long enough term to pay it off.
  • At the moment I don’t have a credit card - my history with them is painful and having learned the hard way I’m steering clear for now. But a good thought - thanks!
  • I’m going to continue to pay in full - I looked at the DD options just out of interest. I’m trying the penny a day saving challenge so I’ll earmark some of that to boost my stash. My dad would be proud of me ��
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