Thread: Advice needed on Vanquis interest rate hike

Hi everyone,

I have had a Vanquis card for nearly a year now, never over spent and paid more than the minimum payment.
Because i'm self employed and had credit problems in the past the interest rate to start was 47.89%.
A couple of months ago they have put the interest rate upto 54.19%, when I noticed this I rang them up to ask and was told that due to the credit crunch all interest rates are going up.
I use the card quite a bit and would like to know if it was complaining about.

Thanks in advance

JJ