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Rejecting Interest Rate Rise
seanius
Posts: 5 Forumite
Hi - I have a Virgin Credit Card and I have been informed that my interest rate is going to increase by 8% in December. I have been given the opportunity to decline the rate rise.
At the same time Virgin have offered me a balance transfer promotion for 0% for 12 months.
Is it possible to use the promotion and then reject the interest rate rise?
At the same time Virgin have offered me a balance transfer promotion for 0% for 12 months.
Is it possible to use the promotion and then reject the interest rate rise?
0
Comments
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You have 60days to opt out of the rise - so I would think you would be able to do a BT first and then freeze the rate of the rest of the debt, at the current rate. I haven't read of anyone who has done this but it would seem to be possible.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0
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