tanyatriangles

iTrader: (2)

As per title, really, since other rates are, why not these?

OllyK

Because they aren't tied to the BoE base rate, they can set the rate at whatever they like pretty much.

Coffin Dodger

And the banks are in financial trouble so have got to try and make some money somewhere. Problem is nobody wants to borrow at the moment as we're all afraid that we may get made redundant soon so don't want a mountain of debt to contend with....

stuart n

I did read somewhere earlier this week that some credit card companies have dropped their rates to 6.7%. This would make it cheaper than getting a bank loan

Dan W

I am with Barclaycard. They recently upped my credit limit by 3 grande and didn't even tell me.

I only found out the other day when I phoned to pay off the balance.

They mailed me this morning asking if I wanted a free copy of my Credit report.

Gordo

Their risk has gone up, so therefore their risk premium will as well.

Jamescsti

I don't think credit cards have ever related to the BOE base rate, some store cards charge upto 30% ! very rarely worth bothering with