Credit Card Interest Rate Rise

tubsolard

Apologies, I appreciate there are articles on this on the site and I have read some of these.
I got a letter from my bank advising that the interest rate has risen (I forget the amount, I've always paid a high APR because of a low credit score) but it's now around 29%.
My problem is I'm often over the limit, then under, then over. It's my own fault, I'm not good with my credit card.
The thing is I asked if they could lower the interest rate in line with the bank of England interest rate when it was lowered last year and they would not even entertain the idea, but now they are telling me they are rising it in line with the interest rates.
Is there nothing I can do?
I'm not behind, I always pay minimum payment, but it's not in great condition (Currently within the limit).
I can't afford to pay it off, although I'm wondering if I could get a loan for below 29% then I might as well just pay it off this way? I just don't want to borrow any more money as I have a loan elsewhere also.
Sorry if this doesn't make much sense, as I say I'm not clued up at all this!
Thanks
Scott

Typhoon2000

You can reject the rate rise and contiue paying at your old rate, but you will not be able to use your card anymore and the account will be closed when you pay it off.
Credit card interest rates are not related to BOE base rate.

Cell

I'm afraid that there are people who have never bust their limits, never missed a payment and who operate their cards in an exemplary manner who can't manage what you're asking for in terms of a reduction in interest rate.

As for a loan, my guess is that you won't have much chance because of the conduct of your account. Your bank may help but I wouldn't rely on that.

I'm genuinely not being nasty, but it does seem that you need to get a grip of the control of your account. Without that you're not addressing the problem at source:)

tubsolard

"I'm genuinely not being nasty, but it does seem that you need to get a grip of the control of your account. Without that you're not addressing the problem at source"

No you're not being nasty, you're spot on!!

Thanks