stamp duty on credit card - when?

bittihuduga · 29-04-2010 2:56pm #1

hi
when is the stamp duty on the credit card charged?
is it charged in advance or in due at the end of business year?
i was charged 30euros in the april statement
when i tried to cancel the card for someother reason, i was told i will be charged extra 30euros for 2010-2011
if i want to change the card, that will be carried over to the next creditcard
is that correct?

Kristopherus · 29-04-2010 2:59pm

Yes, it seems to be this time of year. I have 3 of the buggers and got docked 30 yoyos for each card this month :eek::eek::eek:

bittihuduga · 29-04-2010 3:52pm

was the fee charged for 2010-11 year or for the past year?

jimoc · 29-04-2010 4:05pm

The Fee is charged in April of each year and is for the PRECEEDING year up to the end of March.
Therefore if you cancel a card on the 1st April you will still get charged the following April since a new year has started.
If you transfer to another card company you can get a letter from your current company stating that you have already paid last years fee.

Or such is my understanding of it anyway.

billyhead · 30-04-2010 12:50pm

So say you wan to cancel your card altogether. Your best of doing it on March 31st?

tooler7 · 05-05-2010 1:18am

jimoc wrote: »

The Fee is charged in April of each year and is for the PRECEEDING year up to the end of March.
Therefore if you cancel a card on the 1st April you will still get charged the following April since a new year has started.
If you transfer to another card company you can get a letter from your current company stating that you have already paid last years fee.

Or such is my understanding of it anyway.

correct

stamp duty on credit card - when?

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