Tesco Credit Card huge rate increase

Nasqueron

Barclays have bought Tesco's finance arm but there is little chance they are running their systems or making changes to customer's rates. There is plenty of history of these changes on this forum, it's purely coincidence 

WelshPaul

I have a Tesco Credit Card. I have had it for years and my current monthly interest rate is 0.639%. I don't think I have ever had an increase, but then I don't owe anything on it either. I pay a few bills with it each month and pay it off in full. 

CliveOfIndia

Nasqueron said:

Barclays have bought Tesco's finance arm but there is little chance they are running their systems or making changes to customer's rates. There is plenty of history of these changes on this forum, it's purely coincidence 

To be pedantic, Barclays haven't bought it yet.  The wheels are in motion, but the deal has yet to even receive regulatory approval, so nothing can even start to be done until the powers-that-be have given the go-ahead.  And even when the deal is approved, it'll take a couple of years minimum for all the Tesco systems to be migrated onto the Barclays platform.