MBNA Liverpool Credit Card

[LeeRadford]

Did anyone else get a letter recently about their APR increasing on their Liverpool credit card with MBNA? I have had mine for a year at 15.9% APR, at the end of my first year it will be increasing to 22.9%!

 

I rang MBNA yesterday and the fella on the phone said they had decided to increase the APR for all Liverpool credit card holders as they were poor repayers... I work with ex-staff members from MBNA and they reckon they always put the APR up after a year on footy card holders as they know people will be loyal and will want to keep their clubs card.

 

Considering how many credit card companies there are out there, all offering much lower APR's, I really don't see how MBNA plan to keep hold of customers! I just feel sorry for the people who may have built up a balance on their card and don't have the financial means to pay it off, or access to credit elsewhere. It is these people that MBNA are probably hoping they can milk for stupid-APRs.

[JonShar]

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[Benzo-13]

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[Cam]

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