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"Retail/Promotional Interest" - What is it?


ScarletPimpernel
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Just going over OH's transactions from MBNA, and keep coming across entries such as "Retail interest charged" and "Promotional retail interest charges".

 

These don't seem to bear any relation to the 'standard' interest, to the outstanding balance or to paments made. Some months neither is charged, some months one or the other appears.

 

Is this some sort of extra interest, and if so, can it be claimed back?

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