Got approved for new credit card...but APR is 93.4%!

never-in-doubt

londonuk2008 wrote: »

same as you - gold card!I will have to watch ,see if you get the bank account.

what limit did you get though mate? The starting £3k, or lower...? Cheers, i'll be the guinnea pig then yea? lol

marksoton

Grade_A_Reject wrote: »

Maybe I'm missing something but I don't.

A ridiculously high APR card on the CC board...

A potentially emotive subject in the arms...

Trolldar bell rings loud and clear.

never-in-doubt

marksoton wrote: »

A ridiculously high APR card on the CC board...

A potentially emotive subject in the arms...

Trolldar bell rings loud and clear.

yes mate - more to the point an APR that simply doesn't exist I posted the terms and it proves that lol

As for the muslim perv, well that's designed to cause arguments one must assume

Grade_A_Reject

marksoton wrote: »

A ridiculously high APR card on the CC board...

A potentially emotive subject in the arms...

Trolldar bell rings loud and clear.

Ahhh. I get it now. I was just trying to link the two together and come up with a motive which liked sexual harassment by a muslim man and 93.4% credit card interest and despite a keen interest in conspiracy theories failed miserably.

camellia_c

My Accessory Card has arrived. It's quite plain looking. Vanquis also put one up me last week (a credit limit increase, that is).

never-in-doubt

camellia_c wrote: »

My Accessory Card has arrived. It's quite plain looking. Vanquis also put one up me last week (a credit limit increase, that is).

Too much detail.... lol

Was Vanquis good then? Satisfy your needs satisfactory? ahem lol..... :whistle::whistle:

cse

Just to point out, cards with APRs this high *do* exist. APR takes into account annual and monthly fees as well as interest rate, so for example some of the extremely prestigious American Express cards will have APRs of 60%+ due to their high annual fees. High annual fee, high interest rate and low typical credit limit could easily combine to form an APR of 90%+

Though it's more likely to be a misprint...

cosmic_girl

londonuk2008 wrote: »

Dunno what the limit is yet , having said that my highest with them is Flybe , £4k and everytime I think I will close the JJB card they keep uping the limit - only a few hundred at a time.I was surprised I got a instant yes....

Hey London, just out of interest have Flybe increased your limit automatically?
Thanks x

never-in-doubt

cse wrote: »

Just to point out, cards with APRs this high *do* exist. APR takes into account annual and monthly fees as well as interest rate, so for example some of the extremely prestigious American Express cards will have APRs of 60%+ due to their high annual fees. High annual fee, high interest rate and low typical credit limit could easily combine to form an APR of 90%+

Though it's more likely to be a misprint...

No, actually cards with such high APR's *do not* exist!! Compounding all charges and fees then yea, I see what you're trying to achieve but I am specifically referring to the part that is entitled APR - Annual Percentage Rate. Not compounded charges, interest and assumptions of expenditure/card usage but pure and simple APR!

marksoton

cse wrote: »

Just to point out, cards with APRs this high *do* exist. APR takes into account annual and monthly fees as well as interest rate, so for example some of the extremely prestigious American Express cards will have APRs of 60%+ due to their high annual fees. High annual fee, high interest rate and low typical credit limit could easily combine to form an APR of 90%+

Though it's more likely to be a misprint...

American express mainly deal in charge cards not credit cards. And if it's a prestigious card it wouldn't have a low credit limit. Mainly because in theory they have no defined limit !