Citicard Raise Rates

mozzer251

:mad:

Up from 18% to 22.9% for purchases
Up from 20% to 28% for cash adavances.

Rang the number printed on the statement to see what could be done - nothing.

"It's all down to the £12 charge limit and people claiming charges back you know"

crazyfj

can't you transfer to 0% card for a while?

22.9% is high, sometimes if you request to cancel at this point they might help.

Call_Centre_Monkey

It's happening to all credit card accounts at the moment. As I've said before, this was always going to happen once the fees on the cards were reduced to £12.

The_Boss

Congratulations all you ignorant unorganised late paying/over limit* idiots. You've cost the rest of us organised and condition abiding people a lot of money.

*being the lazy ones that cant be organised to pay, not the ones that have genuine financial difficulties.

Call_Centre_Monkey

The_Boss wrote:

Congratulations all you ignorant unorganised late paying/over limit* idiots. You've cost the rest of us organised and condition abiding people a lot of money.

*being the lazy ones that cant be organised to pay, not the ones that have genuine financial difficulties.

Hear hear. :T :T :T

CIMA_LOVER

Call_Centre_Monkey wrote:

Hear hear. :T :T :T

Agreed!!! What a shame! :mad:

The_Boss

The shame is they will still see their actions as justified, especially the ones that are claiming back hundreds of pounds yet fail to see that they have done anything wrong and are totally defiant. The fact they are claiming back so much shows a total disregard to account management and obeying conditions.

Its a total "Me me me me me" attitude, they only care about themselves, so they wont care that their actions are screwing over so many other people.

david29dpo

hear hear! about time someone spoke there mind on this subject. this have now, let someone else pay later has to stop!

Anwen_2

david29dpo wrote:

hear hear! about time someone spoke there mind on this subject. this have now, let someone else pay later has to stop!

Hmm, hang on, surely if one is paying interest on credit cards (like I am, see sig) that means that one has also been 'having now' and presumably by this logic letting 'someone else pay later' in the form of the high penalty fees?

For some companies (e.g. Egg) which are not very profitable, I can see how it is genuinely an unavoidable passing-on of lost revenue, just about, but tbh I think that the big profitable banks would be talking cr*p if they claimed that they had to increase interest charges after the late payment charges were reduced.

Also, didn't the Bank of England's rate go up, and doesn't that often affect credit card rates in a rather disproportionate way?

Anwen_2

The_Boss wrote:

the ones that are claiming back hundreds of pounds yet fail to see that they have done anything wrong and are totally defiant. The fact they are claiming back so much shows a total disregard to account management and obeying conditions.

Mind you, this I agree with. I have ADD (which basically means I have poor impulse control and rotten organisation/planning skills, and is perhaps slightly culpable in the sheer speed at which I built up the debt in my sig) which was only diagnosed this year, and *I* have probably never had more than 3 or 4 charges in adult life (when I was a student and had hideous GE Capital storecards I had quite a few more, because I was a total idiot).

david29dpo

the fact remains. if someone cannot control there finances and others end up paying, the card companies are going to do something about it. why do you think the charges have dropped from £25 to £12?