We may have decided to change your interest rate based on a number of factors.
These may include:
- If our cost for providing your account (including how much we have to pay to borrow funds to lend to you when you use your card) have increased or we expect them to.
- To better align ourselves with general interest rate levels in the marketplace
- If we have a good reason to think that your personal circumstances have changed, such as your credit profile (which may be based on our assessment of your account or by reference to external credit reference data).
Your interest rate can either increase or decrease depending on a combination of these factors. Either way, we will tell you what your rate has changed to and how it will impact you.
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