Sky card

lindat_3

:mad: I took up Sky Card promotion couple of years ago at 0%. I pay minimum by direct debit. The rate has crept up gradually until I got a letter last week stating my rates are now 26.9% purchases 34.9%cash. I was told today that the rates are based on how I manage my account!! and was due to the credit squeeze. Am I paying for other peoples 0% offers or for Skys default customers. Pay it off by transfering to another card and run is my advice, but a warning to all you guys out there to read the small print in these letters that drop through the door saying changes are being made to your card.

nzseries1

I blame the credit squeeze for my local cafe running out of yoghurt.
People blame the credit squeeze for anything. They're just trying to get more money out of you!

BenL

If you have debt with them I would switch it out via a 0% balance transfer deal elsewhere.

After paying a BT fee you should still be better off than paying that sort of APR.

Good Luck

Ben

bethanyrayne

lindat wrote: »

:mad: I took up Sky Card promotion couple of years ago at 0%. I pay minimum by direct debit. The rate has crept up gradually until I got a letter last week stating my rates are now 26.9% purchases 34.9%cash. I was told today that the rates are based on how I manage my account!! and was due to the credit squeeze. Am I paying for other peoples 0% offers or for Skys default customers. Pay it off by transfering to another card and run is my advice, but a warning to all you guys out there to read the small print in these letters that drop through the door saying changes are being made to your card.

Yes, it has everything to do with the credit squeeze/crunch

By only paying the min regularly they think they've got you trapped so they are applying the squeeze/crunch on your credit.