Halifax Credit card/ credit agreement confusion.

powerout

vwman wrote: »

You can be offered various rates ie 9.9%, 15.9%, or 19,9%.

Yes, we know that, but the 'typical' rate is 9.9%. That's the one that 2/3 of their customers have to be offered.

vwman_3

powerout wrote: »

Yes, we know that, but the 'typical' rate is 9.9%. That's the one that 2/3 of their customers have to be offered.

Well obviously if someone is not offered 9.9% they dont fall into the typical catagory..............

powerout

vwman wrote: »

Well obviously if someone is not offered 9.9% they dont fall into the typical catagory..............

Exactly, which is why I suggested the OP query it with Halifax if in fact their agreement reads 'Typical 15.9% APR' - that's not the typical rate.

Just might be worth asking the question, that's all.

vwman_3

powerout wrote: »

Exactly, which is why I suggested the OP query it with Halifax if in fact their agreement reads 'Typical 15.9% APR' - that's not the typical rate.

Just might be worth asking the question, that's all.

I've checked my TC's and it states Typical 15.9%APR, also checked my wife TC's and her's state it's Typical 9.9%APR confusing or what..........

powerout

vwman wrote: »

I've checked my TC's and it states Typical 15.9%APR, also checked my wife TC's and her's state it's Typical 9.9%APR confusing or what..........

Indeed, that sounds almost dodgy.. not every rate can be typical if it's for the same card, that goes against the whole concept of having a 'typical' APR in the first place...