Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Credit card charges: Inactivity fees could cost consumers millions

Credit card and store card providers are increasingly charging customers 'inactivity fees', which could total £12 million.

From February 1st, these providers will have to ensure that customers pay off their most expensive debts first so that consumers get a fairer deal.

However, these changes could cost the providers up to £300m per year in interest and charges, so they have introduced inactivity fees to soften the blow.

Banks and stores that have adopted these fees include Santander, American Express, Debenhams, House of Fraser and Laura Ashley.

All of these providers are charging between £10 and £20 for cards that have not been used for between six and 21 months.

In order to avoid these charges, there are a number of things consumers can do. suggest people check their terms and conditions, cancel any cards that they no longer use and move to another provider that does not charge these fees.

Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking.

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide