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Yikes!

Just been doing some financial housekeeping that has been suggested and finding out my APR rates.

The rate on my Capital One Card is 27.9% which is almost as much as my storecard, asked on the telephone if they can reduce it but they said no.

Should I write to them :confused:

Comments

  • angelavdavis
    angelavdavis Posts: 4,714 Forumite
    Mortgage-free Glee!
    What a bunch of rip off crooks! That's appalling!:eek:

    How is your credit rating - any chance of you getting a lower LOB card and move it across (if a 0% is not possible?) You could then tell then when to stick their APR!
    :D Thanks to MSE, I am mortgage free!:D
  • dudleyboy
    dudleyboy Posts: 765 Forumite
    Absolutely. If I were you I'd just apply for a 0% APR card, transfer the balance to that and say goodbye to Capital One.
  • Bunnie1982
    Bunnie1982 Posts: 1,671 Forumite
    What a bunch of rip off crooks! That's appalling!:eek:

    How is your credit rating - any chance of you getting a lower LOB card and move it across (if a 0% is not possible?) You could then tell then when to stick their APR!

    Funnily enough I checked my credit rating today and its fine. I might balance transfer it away though onto one of my other cards, I was quite shocked to be honest, I did not expect it to be that high
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