Credit card users are being warned about certain rules around purchases, with many using the cards to better protect themselves when buying certain things. Under Section 75 of consumer credit law in many cases you’ll be able to claim your money back if something goes wrong.
But this isn’t always the case, as experts at Which? have pointed out. Under Section 75, the credit card company is jointly and severally liable for “any breach of contract or misrepresentation by the retailer or trader”.
This means it is just as responsible as the seller for the goods or service/s supplied. So if you part with your cash and don’t receive what you’ve paid for, you can reach out to your credit card provider for a refund in many cases.
But, as Which? explains, there are some limitations. One of these relates to the cost of your purchase, and any transaction les than £100 would not be covered, nor would anything over £300,000.
And if you bought more than one item that together cost £100, but each cost less than £100, your credit card isn’t liable. However, you can claim under Section 75 if you paid only part of the amount, for example a deposit, on your card. It’s the value of the goods you’re buying rather than the amount paid on your credit card.
A Which? article adds: “If the item or service you’ve bought was under £100, you may still be covered by chargeback. You can make a chargeback claim by contacting your credit card provider or via online banking or using your banking app.”
