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MSE News: Millions of Barclaycard and Lloyds credit card customers face higher intere
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Former_MSE_Helen
Posts: 2,382 Forumite
in Credit cards
Barclaycard and Lloyds' credit card customers will have their interest rates linked to the Bank of England base rate...
Read the full story:
Millions of Barclaycard and Lloyds credit card customers face higher interest rates

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Millions of Barclaycard and Lloyds credit card customers face higher interest rates

Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Comments
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This is old news!
Mine was advised months ago.
No rise in interest rate for me - not until base rate increases at least.0 -
Mine on my Avios card is staying at 11.95 percent for purchases and cash advances.
However never draw cash on cards and pay in full every month.0 -
Old news for me too-Lloyds Bank notified me of the change back in July of this year.It's not your credit score that counts, it's your credit history. Any replies are my own personal opinion and not a representation of my employer.0
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jonesMUFCforever wrote: »This is old news!
Mine was advised months ago.
No rise in interest rate for me - not until base rate increases at least.
So was mine. In fact I would say it was years ago now. Have not been advised of any interest rate increase though.0 -
Who pays interest on a CC card if they use them wisely ?0
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Barclaycard told me I'd pay an extra 21p per £10000
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Why are they doing this? Adding base rate to existing interest rate? Is it forced by the government or are they just rinsing extra money out of people?0
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Why are they doing this? Adding base rate to existing interest rate? Is it forced by the government or are they just rinsing extra money out of people?
They're not adding the Base Rate.
They're splitting the APR in two. Someone whose APR is currently 18.9% will have a personal rate of 18.4% plus the BoE rate of 0.5%.0
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