And yet more financial help... Ill learn...

James07

James07

James07

Soldato
Joined
6 Dec 2006
Posts
5,914
Location
West Yorkshire
What are the differences between ISA and ICICI?

Also what are the differences between solo, visa and maestro?

Also, 0% on all purchases for 12 months means what exactly, im extremely careful when it comes to money, ill go to the extremes to make sure i dont pay unneccessarily for things...

Cheers for your help, and im hoping this is the last of the questions now...

James.
 
James07 said:
Also what are the differences between solo, visa and maestro?
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If your talking about debit cards then very little difference from a consumers point of few except solo means no overdraft and not accepted everywhere, marstro should be accepted everywhere in the uk and visa everywhere and in most countries around the world

James07 said:
Also, 0% on all purchases for 12 months means what exactly, im extremely careful when it comes to money, ill go to the extremes to make sure i dont pay unneccessarily for things...
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N0 interest added for 12 months but normally you still have to pay a minimum payment (2.5%?) otherwise (normally) your 0% gets canceled
 
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So if i have 300 on it one month, and i pay my minimum, i dont get an interest added? so really i can have 300 on for 12 months, and pay it off the whole 300, or whats remaining after 12 months worth of 2.5%, on the last month, and still no charge?

Thats crazy, and definately something im going to look into...
 
James07 said:
So if i have 300 on it one month, and i pay my minimum, i dont get an interest added? so really i can have 300 on for 12 months, and pay it off the whole 300, or whats remaining after 12 months worth of 2.5%, on the last month, and still no charge?

Thats crazy, and definately something im going to look into...
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yep, They'll also keep increasing your credit, so you will hopefully overspend and can't pay it of. Then the interest is usually backdated.

If you keep swapping it from one card to enough, you're known as a credit tart..

As above maestro will be accepted everywhere in uk, visa most of the world, Solo avoid like the plague.
 
the bank essentially bets on you missing a payment, same as all 0% credit deals, they know most people wont keep up with the payments and they make an absolute fortune out of them when they dont
 
How does it work then, how do you pay for what you spend? talk me through the stage, do i ring up my cc company and say "yow up dude, take £££ from my account "00 00 00 00000000", peace" and thats it?

They just take it upon request? so they you dont get charged that nicely highly placed interest rate.

So if i buy a condom (would be expensive for a 5a!!) with my credit card, and i get home, and transfer the money to my cc, theres not a charge?

Whats this balance transfers lark? hsbc will charge me almost 5%.
 
James07 said:
How does it work then, how do you pay for what you spend? talk me through the stage, do i ring up my cc company and say "yow up dude, take £££ from my account "00 00 00 00000000", peace" and thats it?

They just take it upon request? so they you dont get charged that nicely highly placed interest rate.

So if i buy a condom (would be expensive for a 5a!!) with my credit card, and i get home, and transfer the money to my cc, theres not a charge?

Whats this balance transfers lark? hsbc will charge me almost 5%.
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you get a statement and a paying in form once a month, you then have x number of days to pay for it, or you can set up a DD and they will automatically take out the required amount.

Balance transfer is to put credit tarts of, where they switch from one interest free credit card to the next.

So banks now charge you. So if you wanted to transfer your debt away from HSBC to say a capital one card, hsbc would charge you 5% of the balance.
 
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