Barclaycard interest rates

[ianess]

A few weeks ago a report came out stating that credit card charges were extotionate and needed reviewing downwards.  This morning I get post telling me Barclaycard are INCREASING their charges.
I think that's a bit cheeky......what say others?

[twiglet4frog]

maybe they know that there is a report out saying that card costs have to come down and because it means less profit they are bumping it up now to make more profit to offset when they are forced to lower and have less profit and when they are forced to lower in a few months they can then turn around and advertise that they have then Dropped their charges and what a wonderful bank they are to do it!!

[stevie21]

I take your point but ultimately they can set their charges at whatever level they see fit.
If no-one likes it, they'll lose lots of business and be forced to drop the interest rate to attract them back.

If you're annoyed enough, move your balance to another credit card where the balance will be interest free for 6 to 9 months.