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luckykaaI got an offer for a credit card from Vanquis. A credit card Company I was not previously aware of.
Their offer is certainly unusual.
49.9% APR And if I'm rally lucky, it may go down to a mere 32.9%! But I can cut my interest rate again annd again! Yeah, I'm not surprised...
All this for just £19 a year!
Alternatively, I can stick to my existing cards at 16% and 13% APR and no annual fee... Granted, I never pay interest anyway, but I'm a little offended that they consider me such a bad credit risk. It appears that this card is targetted at people with a bad credit rating - exactly the people who shouldn't have a credit card.
An open letter in response
They gave me a pre-paid envelope. I wonder if I should send this letter to them.
Their offer is certainly unusual.
49.9% APR And if I'm rally lucky, it may go down to a mere 32.9%! But I can cut my interest rate again annd again! Yeah, I'm not surprised...
All this for just £19 a year!
Alternatively, I can stick to my existing cards at 16% and 13% APR and no annual fee... Granted, I never pay interest anyway, but I'm a little offended that they consider me such a bad credit risk. It appears that this card is targetted at people with a bad credit rating - exactly the people who shouldn't have a credit card.
An open letter in response
Dear Sirs.
I was impressed by your credit card offer.
I would be tempted, but it appears that Fat Vinnie, the great white loan shark offers a considerably better rate of interest. He also offers the convenient extra service of sending round Les and Des personally to collect payments and remind me if I happen to be late. I'm also told that Vinnie can get me special rates on all sorts of consumer goods.
However, if I suddenly lose all mathematical ability and/or sense, I shall certainly consider your offer.
They gave me a pre-paid envelope. I wonder if I should send this letter to them.
