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lloyds bank taking the micky with credit card
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To be fair, among the other posts, OP did mention the issue of if they had a problem month and then had to pay some interest where the higher rate is a problem. OP free to vote with his feet of course but as I said above, many banks are doing this.Emmia said:If you're paying in full every month, why do you care what the rate is?
If the card is ALWAYS paid in full it doesn't matter if the rate is 0% 20% 100% 5,000% or 1,000,000% as a debt is never carried from one month to the next.Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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OP also bragged about being an Amex Gold Card holder which comes with a £195 fee after first year and representative APR of 88.8%! Go figure2
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