New John Lewis Credit Card warning! 6 January at 10:33AM in Credit cards 3 replies 253 views

StuartBlatch

The old partnership card expired so i took out a new JL card. Id just done some work on the Kitchen so took the opportunity of doing a balance transfer interest free. However what i find out is that any other use of the card for petrol, food, gifts etc incurs a interest fee from the point of use, you do not get your 30-45 day interest free period. I was politely informed when i queried it, but will not be using it again, it was not upfront in their terms and was hidden in the small print, not very customer friendly! be warned.

born_again

Normal practise.
Your balance transfer is interest free, but not other transactions. Unless you pay ALL the purchases off in full (after you receive the statement)

Ebe_Scrooge

Yup, standard practice on the vast majority of (if not all) BT cards.  This is why you must always read the small print whenever entering into any contract, whether financial or otherwise.

DullGreyGuy

StuartBlatch said:

The old partnership card expired so i took out a new JL card. Id just done some work on the Kitchen so took the opportunity of doing a balance transfer interest free. However what i find out is that any other use of the card for petrol, food, gifts etc incurs a interest fee from the point of use, you do not get your 30-45 day interest free period. I was politely informed when i queried it, but will not be using it again, it was not upfront in their terms and was hidden in the small print, not very customer friendly! be warned.

And thats why you're told never to use a BT card for anything else... in the old days it'd been even worse because repayments would have been made against the 0% balance and not the interest incurring balance but regs were changed such that repayments have to go against the statemented balance with the highest interest rate.