M&S Credit card payment
in Credit Cards
4 replies 133 views
My OH has an M&S credit card in which he balanced transferred an amount back in feb, we recently purchased some new sofas in October and he put them on his M&S and paid the balance off within days. Lately we’ve been confused as he’s been accruing interest and the balance transfer still has another 9months to go until that incurs interest. He has contacted M&S to query this and it took the guy on the phone some time to work it out, but what’s happened when we paid the sofas off M&S have allocated that payment to the balance with no interest on it.... therefore we are now paying interest on the sofa purchase.
I thought there was some legislation that came into place where credit cards took your payment and placed it on the amount accruing the highest interest. Virgin do that on my credit card, this has completely put us off using M&S and the sooner we can get rid we will. I wanted to write a complaint to them I just wanted to have my facts straight.
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