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Old 07-11-2008, 11:23 AM
Ian Robinson
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Ian Robinson is offline
 
Join Date: Jan 2007
Location: Gateshead
Posts: 2,205
I bet credit card rates will NOT go down ANYTIME soon.

As I recall the Mastercard rate went up the day before 1% prime rate reduction and no corresponding rate reduction has been passed on.

They are pretty quick to pass on prime rate increases , generally very next statement.

Considering how many people have credit cards and some lots on them and lots of them, this behaviour is nothing short of robbery.
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