Switching credit cards - do I have to pay double stamp duty?

[Bluebean]

Hi,

I recently paid my annual 30 euro stamp duty for an AIB credit card.

I am now considering switching to a pigsback.com/MBNA credit card so I can avail of getting some points back each time I use the card.

According to the citizens advice page, it says I should not have to pay another 30 euro for this new card -

If you are changing to a different credit card account you don’t have to pay the duty more than once. When you are closing the account your card issuer will give you a letter of closure stating that you have paid your stamp duty for the year. If you give this letter to your new card issuer, you will not be charged stamp duty by them for that year. You can change account as often as you like during the year without paying extra duty, as long as you transfer a letter of closure between the card issuers each time.

Is this true? So if I tell AIB that I'm closing my account, and ask them for a letter to say I've already paid the 30 euro stamp duty from last year - should that then be enough so I don't have to pay another 30 euro for a transfer card?

 

[Willy Fogg]

Correct.