Morgan Stanley New Card i24

ashcarrot

May be worth considering if you always payoff you card.

1% Cashback + Commission Free Spending and a large credit limit £10k+

Though definitely not worth it if your likely to miss a payment due to the APR

hxxp://www.i24creditcard.co.uk/i24aq/data/special.html

Typical 57.8% APR (variable) <--- Wow another contender for biggest rate

crazyfj

It funny though if you read the T&c:-

"The typical 57.8% APR has been calculated using the Consumer Credit Act regulations which require us to use a notional amount of credit of £1,500. The £1,500 limit, coupled to the £275 fixed annual card fee, makes the APR look very high. The APR in your agreement will be calculated using a greater amount of credit of £10,000, which more accurately reflects the credit limit of an i24 Card. The APR in the agreement will be 19.9% APR. None of this changes the actual interest rate that applies to your i24 Card, which is 13.9% p.a. for Purchases."

ashcarrot

"coupled to the £275 fixed annual card fee"

Oooops missed this bit.

bristol_pilot

ashcarrot wrote:

"coupled to the £275 fixed annual card fee"

Why would ANYONE want a card like this?

omega27

Looks like they're trying to compete with the American Express Platinum Charge Card. Although for the extra £25 I'd rather go for that & get the extra upgrades and free partner flights. Plus the travel insurance is much more comprehensive with Amex. No commission on foreign transactions is nice, but you may as well just get the Nationwide card.