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Barclaycard LOWERED interest rate!
hippey
Posts: 849 Forumite
in Credit cards
Just opened my post and have a letter from Barclaycard, good news! They have lowered my interest rate from 14.9% to 12.4%.
Very good, but I never have an outstanding balance, but I guess that is why!
Very good, but I never have an outstanding balance, but I guess that is why!
These are my thoughts and no one else's, so like any public forum advice - check it out before entering into contracts or spending your hard earned cash!
I don't know everything, however I do try to point people in the right direction but at the end of the day you can only ever help yourself!
I don't know everything, however I do try to point people in the right direction but at the end of the day you can only ever help yourself!
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Comments
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I had the same letter, but always pay in full so never have need of what the interest rate is. I would have thought they could have offered these deals to people who do pay interest really.
"Life is difficult. Life is a series of problems. What makes life difficult is that the process of confronting and solving problems is a painful one." M Scott Peck. The Road Less Travelled.0 -
My Barclaycard purchase rate is 11.9%, it hasn't changed for a while. I wonder if this will come down too?0
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Mine is down too, same details as OP.
I also pay off in full and, to me, this is a encouragement to try and get me to NOT pay it off in full....
.... their plan will nay work on me!Best Regards,
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14.9 to 12 here0
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I had the same letter, but always pay in full, so never have need of what the interest rate is. I would have thought they could have offered these deals to people who do pay interest really.
The lower rate is recognition that you're a low-risk customer. Those who pay interest month after month are considered comparatively high-risk.People who don't know their rights, don't actually have those rights.0 -
Mines down to 11.6% (feb 09 statement) from 12.2% (jan 09 statement). Its quite strange as its slowly been dropping since sept 08 when it was 15.5%.
I've noticed on their website new cards are offered 12.4%. thats competitive considering the current climate.0 -
I received a letter also today. My interest rate has gone down from 14.9% to 11.9%
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Hmmm I had one too but my card has gone down from 25.9 to 22.9%
I don't use my cards now and am only paying off balances. Might have to kick this one out as soon as paid off.
Naomi xCredit Cards NOV 2019 £33,220.42 Sept 2023 £19,951.00 Tilly Tidy 20223/COLOR] Sept £43.71 Here's my diary: A Ditherer's Diary Again0 -
20.9% - 19.9% - 9.9% but... then back to 19.9%Credit Cards at 0% £958.00Credit Card at 19.9% £2305.65Total Debt: [strike]£6290.76[/strike] £3263.65DFD: Dec 090
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