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Question on fees and interest

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Hi All,

 

Just two very quick questions (saves me digging through reams of paper at home)

 

Just had recent statement of account from CAP1 and noticed the following:

 

1. Purchase interest x.xx when balance was paid off in full between statement dates (and before deadline).

 

Prior statement balance was zero,

so say make purchase in November appears in December statement,

paid statement balance in full mid December (within 7 days)

- but still find Purchase interest in January statement.

Thought you got approx. 56 days interest free on purchases????

 

2. Had a credit balance which I transfered from CAP1 to another CC and was charged a 'Balance transfer fee'.

 

Is this allowed (approx 3% of transfer funds)? Effectively charging me to get my own money from them?

 

Responses welcome - even if "tough luck them's the T&Cs"

 

G

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1. check thier T&C's

 

2. the same

 

sri

 

dx


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Hi DX,

 

No probs... - will dig through the T&Cs and see what I can find

 

G

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Update,

 

T&C's not very explicit enough - only mentions 'balance transfer' and does not differentiate between Credit or Debit balances.

 

Anyways - phoned them up and they agreed to refund all costs involved (but had to pay a small admin fee 50pence)

 

So good result

 

G

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hey well done.

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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