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Credit Card Questions & AnswersSomething specific you want to ask? Fire away, we'll do our best to help!PayPal paid me back but NatWest refuse to close the case - who's right?
NatWest are not entitled to stall the process by waiting for the seller's bank to enter the dispute since PayPal have closed the matter already. Section 75 does not cover payment through third parties; the law says that the credit card provider and the supplier must have a direct relationship. Since PayPal has been used for the payment, NatWest have no direct relationship with the seller or the seller's bank. Therefore, the dispute should stop at PayPal and NatWest do not need to take into account what the seller's bank decide to do as they are powerless in the situation. General Credit Card GuidesYour first port of call for credit card answers...Browse Credit Card FAQsLooking for something specific?All Your Questions & Answers
Have I found a loophole to withdraw cash with a credit card for free?
Most credit cards classify gambling transactions as cash advances so in most instances there's no benefit in transferring the amount to your gambling account rather than just getting the cash out at an ATM.
How long do I have to repay my balance before I'm charged interest?
Interest free periods on credit cards vary, they're usually up to 56 days but always rely on the balance being repaid in full and on time.
What transactions are included in the standard interest rate or APR?
The APR is based on the cost for purchases. It doesn't take into account cash transactions, balance transfers or their associated fees, but it does include fees associated with purchases and general account ownership, such as annual fees.
What fraud security will a credit card offer?
Most credit cards come with free services for extra security against fraud such as 'no fraud liability' guarantees and some providers even offer free identity theft protection. Other cards offer added fraud securities for a small charge.
How can I transfer money to a current account?
Several credit cards promote a "balance transfer" facility and offer an introductory 0% period. Of these products, a few actually allow you to transfer any amount, up to your credit limit, direct into a current account.
How much am I required to pay back each month on my credit card?
If a credit card account can't be settled before the end of the month the option to repay monthly is of course built in. The minimum monthly payment varies between providers but is often around 3% of the total amount outstanding. |
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