Virgin Credit Card increasing rates, advice needed

cj136uk

I have a balance of roughly £850 on a Virgin Credit Card, was 0% in the 18 month period 17.9%apr. They now want to stop this 17.9% and raise it to 27.9%.
They claim it is due to the account history, um, I've kept up all the payment way above the minimum.
Should I go else where.
I have been given the option to opt out, but on talking to the customer manager he said that I would loose the card and it would affectivily become a loan.

Ideas?
James, Edinburgh

Any

If you have already spoken to them and they won't budge then go elsewhere.
If you were keeping the account in such good order as you say you shouldn't have a problem to get another card.

How quickly can you repay it? It will be option between higher BT fee but longer 0% period versus lower BT fee but shorter BT 0% period...

_Andy_

James

This has been discussed frequently if you do a search.