[Finance] advice re credit card fees

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giveusfalmerplease

Well-known member

Sep 21, 2006

1,988

Not quite a million miles from Brighton

• Jul 17, 2018

• #1

hi all, keeping it simple, can a CCC these days still add charges on charges? eg charged late payment fee the day after the due date (but before statement date) then next day adding an overlimit fee which arose through last months interest and the late fee only?

 

Official Old Man

Uckfield Seagull

Aug 27, 2011

8,546

Brighton

• Jul 17, 2018

• #2

In a word, yes.
But talk to them. Give them a calm call and apologise for being late with the payment and all that and casually mention you will move the balance to another company with zero charges and that you wont use this companies card as you feel insecure using it because of the costs. They may drop some charges. If you are paying interest every month look to transfer to a zero interest card (money saving expert has details).

 

Bozza

You can change this

Helpful Moderator

Jul 4, 2003

55,720

Back in Sussex

• Jul 17, 2018

• #3

I don't know, but as above I'd give them a call. If this a first time they might waive some/all of the fee, particularly if you ask to setup a direct debit on your account so this doesn't happen again.

Good luck.

 

happypig

Staring at the rude boys

May 23, 2009

7,960

Eastbourne

• Jul 17, 2018

• #4

For the last 20+ years I have paid of my CC bill in full every month except one time when I transposed the 6 and 9 in the pence field and underpaid by 27p. Next month they whacked me with charges and I rang up, more to moan than in expectation as it was my mistake. The lady I spoke to said she could see it was a genuine mistake and cancelled the lot.

Definately worth a call

 

Beach Hut

Brighton Bhuna Boy

Jul 5, 2003

71,964

Living In a Box

• Jul 17, 2018

• #5

They can add on charges for late payment etc I think EU law changed where they cannot charge a handling fee per transaction.

As stated ring them as they normally state they want to try and help

 

beorhthelm

A. Virgo, Football Genius

Jul 21, 2003

35,303

• Jul 17, 2018

• #6

Beach Hut said:

They can add on charges for late payment etc I think EU law changed where they cannot charge a handling fee per transaction.

Click to expand...

recent EU law change was that shops/businesses could not charge a fee. so they increase prices to cover, because the fees are still there.