HSBC Rate Increase

cjcaine107

Hello everyone, If you have a HSBC credit card please check your APR. I have noticed that mine has increased from 22.1% to 33.5% within the space of a month with no notification - who said bankers got small bonuses !!!! I have phoned to start the rejection of their rate change process off. The bank did not even have the courtesy of notifying me of the rate increase - The Worlds Local Bank - hmmmmmmm:money:

Kyresa

Bloomin heck, that's only 1.4% off of my Vanquis APR!!!

opinions4u

The bank did not even have the courtesy of notifying me of the rate increase

Bet they did. You just didn't notice it.

fawinds

cjcaine107 wrote: »

Hello everyone, If you have a HSBC credit card please check your APR. I have noticed that mine has increased from 22.1% to 33.5% within the space of a month with no notification - who said bankers got small bonuses !!!! I have phoned to start the rejection of their rate change process off. The bank did not even have the courtesy of notifying me of the rate increase - The Worlds Local Bank - hmmmmmmm:money:

What has been your behaviour like? I mean, did you have a high balance and make minimum payments? Do you pay in full? How often do you use the card?

I've just got mine and it is 16.9% APR. I hope it stays that way, otherwise I'll bin it.

fern44

Hi
I to have just had a rate hike from 18.9 to 33.5% and have asked hsbc for an explination as I got no sense from them earlier today on the phone they said I had to write to them to ask why?
Luckily I pay my bill off every month buts thats not the point
I thought hsbc are just trying to get rid of customers that they dont make any money out of as I have just paid off my mortgage with them on thursday it seems to be a bit suspect to me as they are offering aprs of 16.9 % on their web site

fern44

I emailed hsbc to ask why
got a letter today saying the rate rise was an administive error!!!!!!!!!!! and will return to 18.9 %