Worst Credit Card Ever!?

dsbu

Is this the worst credit card ever?

<Rant>
I have received thru the post this morning an application form and the usual blurb for *VANQUIS BANK* credit card.

Doing a 'google' I found them to be part of Provident Financial http://www.providentfinancial.com/plc/About_Us/Our_products/Vanquis_Bank.aspx

They are offering cards to persons who obviously cannot get credit through normal channels, but at what a price!

They are spouting APR's from 44.2% to 69.1%.
There is also an annual fee for the card of £19.99 (I assume this is included in the overall APR?)

This is completely outrageous!
Persons who cant get credit shouldnt be offered options like this. This could be too tempting an offer for someone with a history of credit problems.
This has to be a rip off.

Martin, cant you take this up with Trading Standards or the DTI or someone?
These people shouldnt be able to legally rip people off!

I seem to recall hearing something on the radio yesterday about store cards being investigated due to their abnormally high interest charges - I bet the store cards aren't even half the rate that this card is!!
</rant over>

regards (and be warned of Vanquis!)
Kevin

Reaper

* sigh *

Already discussed here, here, here, here, here, here and here, to name just a few.

HelenR_3

Reaper wrote:

* sigh *

Already discussed here, here, here, here, here, here and here, to name just a few.

:rotfl: :rotfl:

Niteflyer

Aaaaaggggghhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

HelenR_3

Niteflyer wrote:

Aaaaaggggghhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

i cant go through it all again , two days running :eek:

Fedz

HelenR wrote:

i cant go through it all again , two days running :eek:

:rotfl: Same here - I have this week off on annual leave.
What a way to spend it - discussing the rights/wrongs of Vanquis Credit Card :mad:

I call a truce :T

Thefunkygibbons

It is like being married

Having the same conversations over and over

:rotfl:

kevtrader

This has put a smirk on my face as this subject has been done to death several times over! I should think there will be more of this in the future! (hopefully not!)

YorkshireBoy

dsbu wrote:

Is this the worst credit card ever?

***Rant deleted***

regards (and be warned of Vanquis!)
Kevin

Bad topic chosen for first post, but welcome to MSE Kevin.

jakemuk

another idiot if you dont like the card dont apply simple as !

Cumbrian_Male

as so many people keep on about it, can a moderator not just merge all the threads an make it a sticky? that way they can read before posting?