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Lloyds Advance Credit Card
loveandlight
Posts: 1,200 Forumite
in Credit cards
I have just discovered that my Lloyds Advance card went up in September by 3%!!!!! It was 11.9% previously. Lloyds are still advertising the card on their website at 11.9%. Has this happened to anyone else?
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Comments
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Unfortunately, they advertise the rate as 'variable' so they are free to raise it as they see fit.Dave. :wave:0
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Yes I do know this but wondered whether it had happened to anybody else. I shall be moving the balance to another card now. I have a perfect payment record with them so if they can't figure out the good payers from the bad then I shall take my good business elsewhere where I will be rewarded with much lower interest rates.0
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That's the best thing to do. If you're not happy, close the account and take your business elsewhere.
Make sure you tell them why you're closing the account. There's a chance they might offer you an incentive to stay.Dave. :wave:0 -
My hubby got the letter yesterday, change of APR from December. So it ends our neverending 0% promotion ;-) I'm planning to pay off the card in full.0
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