MBNA

I have just been written to by MBNA to advise me that they have increased their interest charges by an outrageous amount. I have checked their website but there does not seem to be any real reason.

They still say their typical APR is 15.9% but they have increased mine to a massive 27.9%.

I expect it is all above board and legal even if it's really outrageous. So to anyone out there who is thinking of applying for a new credit card or to transfer a balance, think again about MBNA and give them a wide berth. There are others out there who can give you a much better deal and I will be looking to transfer to a more consumer friendly bank as soon as I can.