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Balance Transfer Oddity

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So I recently performed a balance transfer and on the card I transferred the balance from I've received a charge of "Standard Balance Transfer Interest" and it's more than double what the balance transfer fee was on the card I moved the balance to. 

Is that just a thing they can do or do I need to fight this?

Comments

  • Nasqueron
    Nasqueron Posts: 10,756 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    You need to provide more information

    Old card brand/type
    Was the balance paying interest

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • Taylor913
    Taylor913 Posts: 5 Forumite
    Part of the Furniture First Post Combo Breaker
    Apologies.
    The old card was Vanquis and yes it was. 
  • Nasqueron
    Nasqueron Posts: 10,756 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I don't know why have called it that - you would need to ask them, not us, but interest is charged on the full balance, even after clearance, up to the point of the monthly payment and then there is always trailing interest the month after before the card is truly empty

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

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