Have been with MBNA for years and have used them mainly as a low interest credit card on balance transfers. Have a large-ish outstanding balance with them, have been a perfect customer and never missed any payments etc.
I currently pay 11.9% interest. Just got a letter from them telling me they are increasing that rate to 15.9% effective from august! That's a big hike!!
When i rang to complain about the excessive hike and told the guy on the phone that i thought mbna were joking, he just burst out laughing! i told them i'd have to close the account if the hike went ahead, so he told me some department will be getting back to me in the next few days to discuss.
has anyone else been informed of such a hike? it's a bit rich, right?
I currently pay 11.9% interest. Just got a letter from them telling me they are increasing that rate to 15.9% effective from august! That's a big hike!!
When i rang to complain about the excessive hike and told the guy on the phone that i thought mbna were joking, he just burst out laughing! i told them i'd have to close the account if the hike went ahead, so he told me some department will be getting back to me in the next few days to discuss.
has anyone else been informed of such a hike? it's a bit rich, right?
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