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Santander rate hike

SCO
SCO Posts: 729 Forumite
Part of the Furniture 500 Posts Combo Breaker
in Credit cards
Got a letter from santander jumping my APR from 15.9% to 21.9%. Anyone else got a rate rise?

was looking for a reason to get rid of credit cards, this will be the first one!

Comments

  • jen245
    jen245 Posts: 1,606 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    They did it to me in January, pointless as I pay my balance in full each month anyway. Idiots :rotfl:
    Debt free and staying that way! :beer:
  • lewpster
    lewpster Posts: 1,665 Forumite
    Part of the Furniture Combo Breaker
    Mine has gone up from 24.9% to 28.9% - I haven't used it for months and luckily the balance is about £400 so will be paid off shortly and closed down. Will never recommend anyone gets an Asda card after all the hassle I've had!!
  • SCO
    SCO Posts: 729 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Mine just came to the end of the 0% BT period, so no balance on it. Would seem they are trying to get rid of the non profitable customers.
  • IrishGypsy
    IrishGypsy Posts: 353 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    It's across the board. I'm staff and even I've been hiked (and I've got a solid credit rating too). Makes no odds to those who pay in full all the time anyways. ;)
  • SCO
    SCO Posts: 729 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    IrishGypsy wrote: »
    It's across the board. I'm staff and even I've been hiked (and I've got a solid credit rating too). Makes no odds to those who pay in full all the time anyways. ;)

    Whats the best way to shut the account phone or letter?
  • IrishGypsy
    IrishGypsy Posts: 353 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Over the phone. Make sure you go through to retentions and make sure they shut it down. I'd then call the following day and ask the CC team to double check and make sure (applies to anything you're trying to close with anywhere really). ;)
  • scott_lithgows
    scott_lithgows Posts: 1,427 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Close it,along with any satander savings accounts you might have
    I have a deep burning indifference
This discussion has been closed.
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