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Virgin - Changes to standard interest rates
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Debs0778
Posts: 185 Forumite
in Credit cards
Hi All
I've received a letter from Virgin advising they are changing their standard interest rate and that I can opt out of this but if I do I cant use the card.
I'm a bit baffled by the whole CC thing and interest so question is...........I have a card with a 0% balance with Tesco who have offered me a life of balance transfer of 7.9% would this be a better option?
Virgin rate is 24.9% variable
Thanks in advance
I've received a letter from Virgin advising they are changing their standard interest rate and that I can opt out of this but if I do I cant use the card.
I'm a bit baffled by the whole CC thing and interest so question is...........I have a card with a 0% balance with Tesco who have offered me a life of balance transfer of 7.9% would this be a better option?
Virgin rate is 24.9% variable
Thanks in advance
0
Comments
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If you don't think you can pay off your debts in the near future, then a life of balance offer is an excellent idea.0
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Having read the thread on rate jacking I think Im a bit more clued up on this.
So my account is being rate jacked. Should I opt out and simply pay the card as before (was a 0% card which I also spent on - oops) or try Tesco LOB and transfer the balance there
Any help is appreciated!!!!0 -
Whichever is the lowest rate.0
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