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STamp Duty on Credit Cards

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  • 31-05-2011 8:30pm
    #1
    ruddy1987
    Registered Users Posts: 292 ✭✭


    Hi,

    I have had an ulster bank credit card for 18 months, last April I paid my €30 stamp duty, I again paid my €30 stamp duty in April 2011, I was looking to end the card as I dont like banking with them. I called up to cancel today and they where looking for me to pay an additional €30 for next years stamp duty? Is this correct, this would mean i would have paid 3 stamp duties on a card i only held for 18 months?

    Thanks


Comments

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    #2
    Trampas
    Registered Users Posts: 7,670 ✭✭✭Trampas


    have you used the cc?

    if so they you have to pay the duty. if not then you are ok.

    if you pay it now and get a new cc somewhere else just get a receipt and you won't need to pay on the new one for this year


  • Options
    #3
    dublin daz
    Registered Users Posts: 480 ✭✭dublin daz


    When they say next year its relating to the period 1st April 2011 onwards. You would be liable. Pity you didn't cancel on or before 1st April just gone.

    If you move to another card then you can ask for a letter and the new company will waive the annual government levy.


  • Options
    #4
    snackbox 360
    Closed Accounts Posts: 2 ✭snackbox 360


    i phoned santander credit card in march to cancell my card and got a verbal from some guy in india saying yes its cancelled ,now ive got a bill with interest demanding the government stamp duty,rang santander via india spoke to a very bad english speaking girl who said i had,nt cancelled my card,is there any come back,and what does this mean for me?


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    #5
    caddy16
    Registered Users Posts: 700 ✭✭✭caddy16


    Trampas wrote: »
    have you used the cc?

    if so they you have to pay the duty. if not then you are ok.

    if you pay it now and get a new cc somewhere else just get a receipt and you won't need to pay on the new one for this year


    Incorrect information. Once the card is open for any part of the year (for cc stamp duty purposes runs from 1st April - 31st march) you are liable for the €30.


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    #6
    snackbox 360
    Closed Accounts Posts: 2 ✭snackbox 360


    snackbox 360 wrote: »
    i phoned santander credit card in march to cancell my card and got a verbal from some guy in india saying yes its cancelled ,now ive got a bill with interest demanding the government stamp duty,rang santander via india spoke to a very bad english speaking girl who said i had,nt cancelled my card,is there any come back,and what does this mean for me?
    :mad:


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