118-34.0% simple rate

edited 30 November -1 at 1:00AM in Credit Cards
8 replies 618 views
DandytfDandytf Forumite
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edited 30 November -1 at 1:00AM in Credit Cards
Yet another e-mail invite via clearscore this time.
pre approved 118 34% apr card 500 pounds guaranteed limit.
Did this card change from the tiered repayment costs of last years card.
Thanks in advance mser's
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Replies

  • DandytfDandytf Forumite
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    zx81 wrote: »

    thanks had a read at both cards earlier
    unable to find any minimum payment info via faq's
    e-chat is loans not cards
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  • DandytfDandytf Forumite
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    found this from a non 118 site
    3.5% or £10
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  • dazzaofdagenhamdazzaofdagenham Forumite
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    My mate had one of these cards last year....seemed to have a stepped credit limit increase ratio..

    Think they have changed that now....they advertise no interest..no cash withdrawal fees and instead quote a fee each month even if you don’t have a balance.

    Needless to say he’s closed it down....
  • DandytfDandytf Forumite
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    My mate had one of these cards last year....seemed to have a stepped credit limit increase ratio..

    Think they have changed that now....they advertise no interest..no cash withdrawal fees and instead quote a fee each month even if you don’t have a balance.

    Needless to say he’s closed it down....

    thats similar to last years offer which I didn't want.
    Why is latest advert not mentioning those monthly fees inc' 0 balance you mention.
    thanks
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  • cymruchriscymruchris Forumite
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    They've changed their business model - no monthly fees anymore - go to the FAQ section - and you'll see two parts - one for the latest card, and one for existing customers with the old card which is no longer available.
    An ex-bankrupt on a journey of recovery. Feel free to send me a DM reference credit building credit cards from the usual suspects :) Happy to help others going through what I've been through!
  • edited 30 January 2020 at 9:43AM
    DandytfDandytf Forumite
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    edited 30 January 2020 at 9:43AM
    Thanks mser's
    I'll not apply just yet, best I continue to pay down existing cards.
    Slightly tempting though to maybe use for Fuel and pay off in full each month to begin to return to re payment practices which I have only partly attempted in past.
    Though I wouldn't necessarily need increased credit limits, not much point applying at this stage
    On another point with new persistent debt rules in effect , what advantage is there to Higher Card Limits, when New Rules want re payment much faster than before.
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  • dazzaofdagenhamdazzaofdagenham Forumite
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    My friend had the monthly fee version....I think it was £7 for a credit limit of £500.

    The fee is still payable even if the balance is zero.....it was almost like paying a fee to have acccess to credit....I thought it was a bad product at the time.

    Didn’t realise they had changed the cr3dit card model
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