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lloyds bank taking the micky with credit card

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  • Nasqueron
    Nasqueron Posts: 9,169 Forumite
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    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.
    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.
  • Phoenix72
    Phoenix72 Posts: 197 Forumite
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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 figure
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