Consumer Credit Act Protection

mark1234567890

Hi,

This is the first time that I have ventured into this part of the forum so these are new waters to me.

I need so help understanding the protection offered under the Consumer Credit Act when using a credit card.

I am led to believe that any purchases over £100 are covered under the above act as you are technically purchasing the items on credit and are therefore protected. However I don’t know where I have acquired this information. It may not even be correct?

I currently have a NatWest Student Credit card with a £500 limit. I have noticed that I can overpay my balance via the internet banking to gain a positive balance on my credit card (i.e. account balance £25, total available £525)

My question is: If I wanted to make a large purchase of say £800 on my credit card could I load the extra £300 on top of my £500 credit limit and then benefit from the CCA protection. Therefore if I had any problems I could then claim the cost back from Natwest?

I have done a quick search and there is pleanty of info available on section 75 of the consumer credit act however I cannot find anything specific to protection above your nominated credit limit.

I am still not very clued up with my credit card and therefore only use it very rarely. Any help with this issue would be appreciated.

Thanks

Mark

inmypocketnottheirs

You are protected under Section 75 of the Consumer Credit Act. You only need to pay £100 on your card to be covered for the full value of the transaction.

Most card companies will not allow you to load your card in to a credit balance.

Why not just pay £100 on the card and the balance another method. You would still be protected in full/

HTH

smithja

I think the item must cost £100 or over, but technically you only need to put 1p on your card and then the credit card company under section 75 is equally liable with the supplier. James

eira

I bought something off E Bay via PayPal with Egg Money-it arrived smashed to pieces. Was going to claim off Egg who said they would cover the breakage in transit but only for the £51 paid on the Egg Money card. Total cost of item with postage was £59 but £8 had come from other funds I had in the account. PayPal found in my favour in the end so didn't have to claim

jonesMUFCforever

eira wrote: »

I bought something off E Bay via PayPal with Egg Money-it arrived smashed to pieces. Was going to claim off Egg who said they would cover the breakage in transit but only for the £51 paid on the Egg Money card. Total cost of item with postage was £59 but £8 had come from other funds I had in the account. PayPal found in my favour in the end so didn't have to claim

Technically they did not have to pay out because it was under £100.

If they had paid out they would have been liable for the whole amount no question - Egg would not be able to squirm out of their responsibility under Section 75 of CCA.

samjocky

I recently had a refund from MAXJET as they had gone bust. I got all of my money recdited back to the credit card, except for the 2% fee they had charged for booking on my credit card in the first place.

Is there any way I can reclaim this 2% booking fee, after all I paid this with the aim of getting a holiday at the end of it. The holiday is no more, so why do I have to just forget that I paid 2% on top?

Grateful for any advice!

Thanks in advance