Comments on: Highest Credit Card Interest Rates For 12 Years With Bank Rate At Lowest For 300 years http://www.moneywell.co.uk/blog/bank-rate/highest-credit-card-interest-rates-for-12-years-with-bank-rates-at-lowest-for-300-years Personal Finance Guide Thu, 18 Mar 2010 09:58:35 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Reclaim Bank & Credit Card charges http://www.moneywell.co.uk/blog/bank-rate/highest-credit-card-interest-rates-for-12-years-with-bank-rates-at-lowest-for-300-years/comment-page-1#comment-39683 Reclaim Bank & Credit Card charges Thu, 04 Mar 2010 07:48:51 +0000 http://www.moneywell.co.uk/blog/?p=506#comment-39683 One time I had made the mistake of not telling them my social security number (because I was in a public cafe). The response was to freeze my entire account and require me to show up in-person at a Bank of America branch with two forms of ID. This is not very nice when you are traveling. One time I had made the mistake of not telling them my social security number (because I was in a public cafe). The response was to freeze my entire account and require me to show up in-person at a Bank of America branch with two forms of ID. This is not very nice when you are traveling.

]]> By: Anon http://www.moneywell.co.uk/blog/bank-rate/highest-credit-card-interest-rates-for-12-years-with-bank-rates-at-lowest-for-300-years/comment-page-1#comment-39112 Anon Wed, 17 Feb 2010 23:36:46 +0000 http://www.moneywell.co.uk/blog/?p=506#comment-39112 I'm really annoyed with a particular credit card company. I have an account with Lloyds which has a hefty balance on it - a balance where I'm paying > £100/month in interest alone. I got fed up of paying a tiny amount a month off the actual balance and called them to ask for a reduction in my interest rate. Even halving the rate would leave them making a *huge* amount of money from me monthly. Instead, I get nothing but pig-headedness from the customer service advisor I spoke to and an insistence that this wasn't possible. So, within 24hrs of this discussion I had the money in my account from a loan, for the full balance at half the interest rate which is flexible for overpayments and have cleared the card. Their loss. You'd think they'd care about losing ~2k a year in interest... seems to be the attitude that the card companies have in general. I’m really annoyed with a particular credit card company. I have an account with Lloyds which has a hefty balance on it – a balance where I’m paying > £100/month in interest alone. I got fed up of paying a tiny amount a month off the actual balance and called them to ask for a reduction in my interest rate. Even halving the rate would leave them making a *huge* amount of money from me monthly.

Instead, I get nothing but pig-headedness from the customer service advisor I spoke to and an insistence that this wasn’t possible.

So, within 24hrs of this discussion I had the money in my account from a loan, for the full balance at half the interest rate which is flexible for overpayments and have cleared the card.

Their loss. You’d think they’d care about losing ~2k a year in interest… seems to be the attitude that the card companies have in general.

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