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nearly 10% on interest
kjaboo
Posts: 41 Forumite
hi firstly i appologise if this is in wrong place !!!!
i have had a ikea store card for over a yr now at 18.8% variable and have just recieved a letter this morning saying as of 1 st aug the interest is going up to 27.5% in t+c is says if the change is to your disadvantage , we will tell you about it upto 30 days before we make change .. at any time upto 60 days from the date we notify you , you may , without notice , close your account without having to pay any extra charges or interest for doing this .
am i right in thinking i can cancell this an still pay each month at old % till paid off or would i have to pay off in full ???:(:(:(:(
i have had a ikea store card for over a yr now at 18.8% variable and have just recieved a letter this morning saying as of 1 st aug the interest is going up to 27.5% in t+c is says if the change is to your disadvantage , we will tell you about it upto 30 days before we make change .. at any time upto 60 days from the date we notify you , you may , without notice , close your account without having to pay any extra charges or interest for doing this .
am i right in thinking i can cancell this an still pay each month at old % till paid off or would i have to pay off in full ???:(:(:(:(
0
Comments
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Thats right - you need to let them know you want to opt out and stick at the old rate -see here - http://www.moneysavingexpert.com/reclaim/credit-card-interest-rate-increasesA smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0
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