Abbey raising credit card interest rates

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At a time when base rates are at almost zero, Abbey has been raising interest rates on my credit card, and has just sent me yet another notice of an increase to over 23% from May this year. When I first took out the card a year and a half ago the rate was less than 12%. Surely this is just as unfair as the penalty charges?

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  • simon_templar_2
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    Lots of credit card companys are doing this, it is not a personal thing. The interest rates have no bearing on credit card rates. Abbey and other providers can set rates as they see fit. The fairness or unfairness of penalty charges is irrelevent.
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