Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: Mr Skrunts on 14 July 2022, 18:00:25

Title: Credit Card Agreement
Post by: Mr Skrunts on 14 July 2022, 18:00:25

We’ve noticed that you've been managing your account well, staying within your credit limit and making your payments on time. So, from 23 August 2022 we'll reduce your annual rate of interest for purchases, cash and balance transfers from 39.9% APR (variable) to 19.9% APR (variable).

Suppose it's good news (To some)

Never paid any interest and allways pay in full.

Dunno if the rate has change for everyone  or it's a good conduct reward.

Title: Re: Credit Card Agreement
Post by: STEMO on 14 July 2022, 18:22:57

39.9 is outrageous, usually reserved for sub prime lenders. Most mainstream cards are around 19.9.

Title: Re: Credit Card Agreement
Post by: Mr Skrunts on 14 July 2022, 18:40:38

Quote from: STEMO on 14 July 2022, 18:22:57

39.9 is outrageous, usually reserved for sub prime lenders. Most mainstream cards are around 19.9.

It's Vanquis, I had a friend who was constantly getting into trouble with them.  Looked into thier policy see if if we could sort things but no joy.

I just signed up to piss them off (Costs me nothing and they make nothing)

Same as the Amazon card thing a few months back (and Santander)  Due to changes took on thier cards (Amazon for the free cash) & Santaner as its my bank anyway.  Still haven't used either of them