Tradefair & Financials
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Just received a letter saying they are putting the APR on my existing balance up by 4%. This seems a bit off considering the base rate is still at 0.5% and they are now charging me 24% APR.
Will cost me an extra £20 a month or so, but that isn't the point. Aren't they owned by RBS as well?
Just a word of warning as I imagine other credit card companies may follow.
Will cost me an extra £20 a month or so, but that isn't the point. Aren't they owned by RBS as well?
Just a word of warning as I imagine other credit card companies may follow.
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Somebody correct me if I'm wrong, but I think that the increased interest charge will only apply to future spending. Whatever you owe on the card currently should be subjrct to the previous interset rate.
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According to my letter, my options are:
1) Go with the new rate on everything 2) Close card and pay off in full at old rate 3) Close card and pay off in instalments at old rate |
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can you switch to another provider on a better deal? You should leave them on principle alone.
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