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Typical 49.9% APR - WOW!

In the mail today came an offer of up to £2,000 credit from credit card company VANQUIS - credit at an annual rate of 49.9% APR variable.

I couldn't stop myself sending a reply saying, "You must be taking the !!!!!!!"

As someone who pays off the full balance every month, I have no use for further cards, but this company should be reported to someone.

Comments

  • iwanttosave_2
    iwanttosave_2 Posts: 34,292 Forumite
    10,000 Posts Combo Breaker
    I get these all the time, in fact I got one this morning so after seeing your post I opened it, I had been specially selected to recive a credit limit of £2000 at 39.9% I must be better than you :p:D

    :think: Now heres a thought but I dont think it will catch on, wouldnt it be great that if you were in credit to the card the they paid you that 39.9%. Now that would be an offer I would snap right off them :D
    Work like you don't need money,
    Love like you've never been hurt,
    And dance like no one's watching
    Save the cheerleader, save the world!
  • rh41
    rh41 Posts: 77 Forumite
    But as everyone says so many times on here. its provides a service, if you pay it off every month it makes no difference whether is 9.9% or 59.9%
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