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MBNA rate increse..get rid?
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Posts: 7,959 Forumite
in Credit cards
Hi guys,
I have a dilemma at the moment.
I have MBNA and Virgin card. I received a letter of rate increase for both. I am not going to be affected for either, as both are on special offer and will be paid off when the offer is out.
BUT
once I do pay them off should I keep them? I can just call in now and say that I do not agree with the increase and it will be closed down the moment it is paid off.
Or do you think there will still be offers available even with 24.9%APR cards?
I always kept the MBNA cards because they offered special offers... but why would they put up interest to 24.9% and then still offered special offers? Why just not leave it? I think they don't like me anymore that is why they have done it..
Time to get rid?
I have a dilemma at the moment.
I have MBNA and Virgin card. I received a letter of rate increase for both. I am not going to be affected for either, as both are on special offer and will be paid off when the offer is out.
BUT
once I do pay them off should I keep them? I can just call in now and say that I do not agree with the increase and it will be closed down the moment it is paid off.
Or do you think there will still be offers available even with 24.9%APR cards?
I always kept the MBNA cards because they offered special offers... but why would they put up interest to 24.9% and then still offered special offers? Why just not leave it? I think they don't like me anymore that is why they have done it..
Time to get rid?
0
Comments
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Keep it, as long as you're not holdiing too much of an overall credit limit. They're likely to give offers in the future - it's only the go to rate they're changing, and that's just a sign of increased risk across all the card base. The special offers can be more accurately targeted to the good people. I'm sure you're one of them....
So pay off but keep - at least one of them.0 -
Agree totally with zx81. Good advice for 1K of RAM!0
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Hmm... my exposure to credit wasn't high when I got the cards, but nowadays might seem too much to some lenders.
I have all together about 90% of my salary in available credit..0 -
chattychappy wrote: »Agree totally with zx81. Good advice for 1K of RAM!
Unless you have the 16k ram pack and some bluetack :rotfl:"We want the finest wines available to humanity, we want them here, and we want them now!"0 -
I'm afraid I'm the 1k model. And worse than that, the kit version that you had to solder yourself at home.
Still, not bad for £99....... :embarasse0 -
Deleted_User wrote: »I'm afraid I'm the 1k model. And worse than that, the kit version that you had to solder yourself at home.
Still, not bad for £99....... :embarasse
Sure... and unlike the ZX80, you do have flicker-free "slow mode" !0 -
I may not be the fastest processor in the box, but I resent being accused of being in 'slow mode'. 0
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