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Santander Rate Jack
Gels
Posts: 145 Forumite
in Credit cards
Just got a letter informing me of a rate increase on this card from 1st December from 17.9% pa to 21.9% pa for purchases/bal transfers.
Fairly irrelevant as I never withdraw cash from this card, but curious as to why the cash transactions rate has been cut from 27.9% to 25.9%.
This is my first rate jack so no experience of this and always pay in full on this card so APR not important, but is it normal for a purchase rate increase and a cash transaction reduction to be applied at the same time?
Fairly irrelevant as I never withdraw cash from this card, but curious as to why the cash transactions rate has been cut from 27.9% to 25.9%.
This is my first rate jack so no experience of this and always pay in full on this card so APR not important, but is it normal for a purchase rate increase and a cash transaction reduction to be applied at the same time?
"Life moves pretty fast, if you don't stop and look around once in a while, you could miss it": Ferris Bueller
DLP visits 2015: March, June, September, December
Life is a journey - enjoy the ride
DLP visits 2015: March, June, September, December
Life is a journey - enjoy the ride0
Comments
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It's unusual. But not unheard of.
Perhaps they're trying it to see if it encourages you to take very profitable cash advances.0 -
Thanks. They'll be lucky! :rotfl:"Life moves pretty fast, if you don't stop and look around once in a while, you could miss it": Ferris Bueller
DLP visits 2015: March, June, September, December Life is a journey - enjoy the ride0
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