Comments on: Be wary of MBNA credit card repayment time scales http://www.moneyhighstreet.com/blog/be-wary-of-mbna-credit-card-repayment-time-scales/ The latest personal finance news and information Sat, 11 Feb 2012 12:04:58 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Mike http://www.moneyhighstreet.com/blog/be-wary-of-mbna-credit-card-repayment-time-scales/#comment-7797 Mike Thu, 14 Oct 2010 11:04:16 +0000 http://www.moneyhighstreet.com/?p=4300#comment-7797 Don't think setting up a direct debit will gurantee you won't miss it. After missing two payment dates already (£24) somebody phoned me up to make a payment and set up a direct debit to avoid further charges. To my horror this month I've noticed the direct debit has gone through a day later than the due due. I'm about to go and have a rant at them! Don’t think setting up a direct debit will gurantee you won’t miss it. After missing two payment dates already (£24) somebody phoned me up to make a payment and set up a direct debit to avoid further charges. To my horror this month I’ve noticed the direct debit has gone through a day later than the due due.

I’m about to go and have a rant at them!

]]> By: Andy http://www.moneyhighstreet.com/blog/be-wary-of-mbna-credit-card-repayment-time-scales/#comment-7243 Andy Sat, 07 Aug 2010 08:16:28 +0000 http://www.moneyhighstreet.com/?p=4300#comment-7243 I also think there statement-payment period is too short. I hold a couple of other credit cards and never have problems meeting the payments on time. However with MBNA (virgin) I've missed it twice in a year costing me nearly a £100. I pay off the full amount every month and loath having to pay interest. I also think there statement-payment period is too short. I hold a couple of other credit cards and never have problems meeting the payments on time. However with MBNA (virgin) I’ve missed it twice in a year costing me nearly a £100. I pay off the full amount every month and loath having to pay interest.

]]> By: Andy http://www.moneyhighstreet.com/blog/be-wary-of-mbna-credit-card-repayment-time-scales/#comment-1784 Andy Mon, 24 Aug 2009 12:20:05 +0000 http://www.moneyhighstreet.com/?p=4300#comment-1784 Totally agree. I had the same issue. I use my card purely to get Virgin miles, so make payments on my card, then immediately transfer money over from my bank account to pay off said payment - except once when I was on holiday. I went away for 2 weeks. Whilst away I used my card and also received a statement. On return, I had one day to make the payment, that short period is appalling. Don't be fooled by paying on their website though. I did that, yet still received a late payment charge because it takes three days to process. I appreciate you could set up a direct debit to pay the minimum payment (to be safe), but to be away on a two week hols and this cause a late payment is not that great - this must effect thousands of "good payers" each year. It's a shame on their part really, because when away in future I'll make sure not to use that card so as not to risk missing a payment. Totally agree. I had the same issue. I use my card purely to get Virgin miles, so make payments on my card, then immediately transfer money over from my bank account to pay off said payment – except once when I was on holiday.
I went away for 2 weeks. Whilst away I used my card and also received a statement. On return, I had one day to make the payment, that short period is appalling. Don’t be fooled by paying on their website though. I did that, yet still received a late payment charge because it takes three days to process. I appreciate you could set up a direct debit to pay the minimum payment (to be safe), but to be away on a two week hols and this cause a late payment is not that great – this must effect thousands of “good payers” each year. It’s a shame on their part really, because when away in future I’ll make sure not to use that card so as not to risk missing a payment.

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