Vanquis credit card - 39.9% APR

Donnie

I only posted it as the very high interest rate of Provident Loans was mentioned on this thread.

Frankly, I don't give a hoot.

The thing is, that many people don't clear their statement balance every month.

Clearly, it works for you.

I started many years ago with MBNA and a tiny credit limit. At least their rates aren't/weren't as ludicrous as Vanquis.

Amba_Gambla

When I got my Student Barclaycard (signed up to get a free inflatable chair :rotfl: ) my starting interest rate was something silly like 26%

It's all about risk, although I do think some interest rates are going waaaay OTT (like those loans that boast the rates of 117%)

westie666

I cant remeber the company...but just before christmas I recieved one for 56.9% (typical) FLAT RATE Card!!!!!!

inmypocketnottheirs

Donnie wrote:

I only posted it as the very high interest rate of Provident Loans was mentioned on this thread.

Frankly, I don't give a hoot.

The thing is, that many people don't clear their statement balance every month.

Clearly, it works for you.

I started many years ago with MBNA and a tiny credit limit. At least their rates aren't/weren't as ludicrous as Vanquis.

Unfortunately MBNA do not entertain applications from any 'sub prime' applicants. Therefore their risk is not as high, and neither their interest rates.

Donnie

Understood, though I didn't even have a job at the time of applying.