Interest Rate Hike?!!

[walesrob]

Anyone else got a Capital One credit card and have they been told of interest rates going up? I have a Mastercard Platinum (yeah I know, posh git) and have been paying between 20-30% of the balance each month, always on time, done a few Balance Transfers, etc, then I get a letter yesterday, the interest rate on my card is rising to 26% from the current 18%. I called them, said no thanks, so the card is destroyed and I will be paying back the remaining balance (at the old rate of 18% - you can "opt out" of the new interest rate by not using the card) over the next few months. Looks like tough times ahead for credit cards.

[KeithD]

Most have gone up already so those that do pay, cover the losses for those that don't :Erm: Capatalism...great eh? :rolleyes:

[walesrob]

Capatalism...great eh? :rolleyes:

Nope :xxgrinning--00xx3:

[KeithD]

Nope :xxgrinning--00xx3:
At least we get free prescriptions, unlike those pesky folk that live in England :D

[aromulus]

At least we get free prescriptions, unlike those pesky folk that live in England :D

That and hospitals are the only good things left, seems like, after yesterday's shenanigans at the doctor's surgery...:omg:

[somebody]

At least we get free prescriptions, unlike those pesky folk that live in England :D

Will the EU funding being cut affect that:Erm:

[GaryFifer]

It is simple. They had to reduce their charges for going over the limit to £12, so they are clawing the money back in other sneaky ways.