Beware Sainsburys

easterbunni

The statements tell you when the 0% interest offer ends. I paid mine off before that date and didn't incur any fees/charges/interest

sparklep0ny

HoolyNI said:

SuperAllyB said:

HoolyNI said:

maisie_cat said:

We had the same thing with a Tesco card a few years ago, you need to clear the balance a full month ahead or something and we were stung for £7. We fell for the same "estimated interest" line but it only happens once.
Our Sainsburys 0% ended 4th March but the payment would have been 15th, triggering an interest charge, so we paid it off in early February and no interest was charged.
They all do it, but £90 is not that much for 2 years borrowing.

My deal was only for 12 months so £95 is steep enough. I have had maybe half a dozen balance transfer cards over the years and have never paid a penny in interest on any of them. My deal ended on the 12th March and the first card wasn't cleared until the due date of 9th April, the 2nd card I attempted several times to clear it early via online banking but was prevented from doing so, rather than wasting time in a phone queue I let it run thinking no interest would be charged until after the due date.

If the deal ended on 12th March then you should have cleared it by then rather than waiting for the following due date. Obviously you'll be charged interest from then on. You're nowhere near as smart as you think you are.

Maybe I could take tips on being a smart-!!!!!! from you?
If my post stops even one person from making the same mistake I did then it will have been worth it.

It probably won't though, not with the way it's worded.

You're playing the victim and claiming Sainsbury's are shysters.  Perhaps if your thread was "Make sure you read what you sign up for" then it might be helpful, but then that wouldn't be quite so dramatic.

Rosco32

Everyone knows that a 0% deal needs paying in full before the 0% deal ends in order to avoid interest. Put it down to user error and move on. You made a silly mistake. Own it, and get over it.

HoolyNI

I have accepted that I made a mistake by waiting until the statement due date to pay the cards off, but it's not an issue I have had in the past with previous BT cards. Maybe previous card statements have ran from the date of opening the account, it's not something I paid much attention to before, but will in the future.

Ebe_Scrooge

HoolyNI said:

... it's not something I paid much attention to before, but will in the future.

And that's the nub of it.  It's akin to someone complaining they've damaged their car engine by putting petrol in it when it's a diesel engine; "Well, all my previous cars were diesel, so I didn't think anything of it".  Yes, they made a mistake, and some might argue it's an easy mistake to make ... but ultimately it's their mistake, no-one else's.  Learn from it and move on, but don't try and blame the bank for adhering to to their T&Cs which you agreed to at the outset.

HoolyNI

Ebe_Scrooge said:

HoolyNI said:

... it's not something I paid much attention to before, but will in the future.

And that's the nub of it.  It's akin to someone complaining they've damaged their car engine by putting petrol in it when it's a diesel engine; "Well, all my previous cars were diesel, so I didn't think anything of it".  Yes, they made a mistake, and some might argue it's an easy mistake to make ... but ultimately it's their mistake, no-one else's.  Learn from it and move on, but don't try and blame the bank for adhering to to their T&Cs which you agreed to at the outset.

There's only about three people on the planet that actually read the T&C's and they've all managed to find this thread....I'll be insisting on hard copy statements in future too as they might actually get looked at. 

Jami74

HoolyNI said:

On one of the cards I attempted four times to clear the card early rather than have the money sitting in my current account but kept running into "technical difficulties". 

Is it worth phoning Sainsbury's bank and telling them that you tried four times to pay the card early to avoid the interest but kept running into 'technical difficulties'? You might just get lucky and have the interest for that card removed. You'd have to be very polite though.

HoolyNI

Jami74 said:

HoolyNI said:

On one of the cards I attempted four times to clear the card early rather than have the money sitting in my current account but kept running into "technical difficulties". 

Is it worth phoning Sainsbury's bank and telling them that you tried four times to pay the card early to avoid the interest but kept running into 'technical difficulties'? You might just get lucky and have the interest for that card removed. You'd have to be very polite though.

I suppose there might be some digital record of my attempted transactions, twice on the app and twice via pc I think it was on three different days. Went through the entire process but failed to verify right at the end.

surreysaver

Deleted_User said:

It is well established that if you don't clear the balance in full every month that you get charged interest on the whole balance, not the remainder, it is logical that this might well apply for the transfer if not cleared in full before the end date.

They are not shysters for following the terms and conditions you agreed to when you applied
https://www.sainsburysbank.co.uk/credit-cards/summary-box/cca-summary-box-nectar-bt28

The OP didn't state it in their original post, but it sounds like a 0% deal

surreysaver

I paid my 0% Sainsbury's Card off in March with no issue. The date of the 0% deal expiring was stated on each statement since obtaining the card. It didn't coincide with statement dates - some 0% cards coincide with statement dates; some don't