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jones87

Lloyds Tsb Credit Cards To Be Linked To The Boe Base Rate

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Got a pretty "For the journey" letter today from Lloyds TSB regarding my airmiles credit card.

Soon they will be charging me interest at my personal interest rate (15.9% + Base Rate).

First I've ever heard of this practice, they have also got rid of the cash withdrawal interest rate so cash withdrawal's would be charged at the same rate.

I can't see their reasoning for this? Are they expecting some mega inflation in the future and want protect their margins? :unsure:

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Got a pretty "For the journey" letter today from Lloyds TSB regarding my airmiles credit card.

Soon they will be charging me interest at my personal interest rate (15.9% + Base Rate).

First I've ever heard of this practice, they have also got rid of the cash withdrawal interest rate so cash withdrawal's would be charged at the same rate.

I can't see their reasoning for this? Are they expecting some mega inflation in the future and want protect their margins? :unsure:

...they should be closed down ....it's back street lending ...the sooner the better....and we rescued them....what a joke...?... :rolleyes:

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When rates resume to their average of 6% (or so) that means their interest rate will be 21.9% on my card.

I pay my card off at the end of every month and every card I've had in the last 3 years they have given me the lower rates (15-18%)

Quite a con in my opinion.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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