We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Huh?
oceanscape
Posts: 392 Forumite
in Credit cards
I got a letter from Virgin Atlantic Amex a couple days ago saying my interest rate was going up to 29.9% :eek: :eek:
Then today I got a letter syaing my credit limit was being reudced from £10,400 to £10,300.
Really, was there any need for that?!
:rotfl:
Then today I got a letter syaing my credit limit was being reudced from £10,400 to £10,300.
Really, was there any need for that?!
:rotfl: 0
Comments
-
what was the Apr before the rise mate?0
-
oceanscape wrote: »I got a letter from Virgin Atlantic Amex a couple days ago saying my interest rate was going up to 29.9% :eek: :eek:
Then today I got a letter syaing my credit limit was being reudced from £10,400 to £10,300.
Really, was there any need for that?!:rotfl:
I'm afraid this is quite a common occurrence on MBNA issued cards. Ditch the card and apply for another one.0 -
oceanscape wrote: »I got a letter from Virgin Atlantic Amex a couple days ago saying my interest rate was going up to 29.9% :eek: :eek:
It's a variable rate credit agreement and they have varied the interest rate.
Then today I got a letter syaing my credit limit was being reudced from £10,400 to £10,300.
Really, was there any need for that?!
I don't imagine £100 reduction is going to cause you any problems.0 -
They are crunching down on credit...0
-
I've just had a Mac'd's Cruchie Ice Cream and it was not bought on credit so tasted even more fab-U-liccy
0 -
What is your current balance? They may be reducing it gradually. It is just MBNA reducing the risk with there customers. Do you have any late / missed payments?Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
6 credit accounts closed in 2010!
Official SOS Club number 001 - Dry until 01.07.100 -
Current balance is £5k but will be BT'd off soon. No late/missed payments, but my 0% deal just ended so I guess that's why they have boosted up the APR. It was 17.9% before so a rise to 29.9% is pretty extreme....0
-
Takes the p155oceanscape wrote: »Current balance is £5k but will be BT'd off soon. No late/missed payments, but my 0% deal just ended so I guess that's why they have boosted up the APR. It was 17.9% before so a rise to 29.9% is pretty extreme....Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
6 credit accounts closed in 2010!
Official SOS Club number 001 - Dry until 01.07.100
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.4K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards