Tuesday, Jan 19, 2010
Mortgages next?
Times: RBS ups credit card rate
It is the beginning of the inevitable. Oh dear....
Posted by chrisch @ 11:27 AM (1158 views) Add Comment
2 Comments
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1. brickormortis said...
"Loans, meanwhile, are getting cheaper. The average loan rate has fallen from a peak of 10.17% in November 2009, to 10.1% today, according to Moneyfacts, the data firm. "
10.17% to 10.1%. WTF? Does this make any difference worthy of reporting? And have average rates always been calcualted to two decimal places?
Also...
"Last week, NatWest and Royal Bank of Scotland (RBS) — both part of the banking group majority-owned by the taxpayer — raised purchase and balance-transfer rates for new and existing customers on their Classic cards from 16.9% to 19.9%. "
If you have a small balance then this doesn't really apply and if you don't and have a balance of, let's say £20,000 then it makes about £50 a month differece. still not a lot and if you have a balance of £20,000 on a 16.9% credit card then you need your head looking at anyway!
2. fallingbuzzard said...
robbing peter to pay peter