I opted out of an APR hike and agreed to no longer use the card and repay the balance. This I have been doing.
On my most recent statement, I noted that the APR had been increased again. When I queried this with Creation, they said that they can still raise APR even when the card is no longer being used.
I have cards with other companies where I have done the same, and they do not apply any further APR hikes after the card is 'closed' - ie it can no longer be used.
Has anyone else had this experience? I am about to find the original T&Cs to see if this is mentioned, but it sounded unusual to me.
On my most recent statement, I noted that the APR had been increased again. When I queried this with Creation, they said that they can still raise APR even when the card is no longer being used.
I have cards with other companies where I have done the same, and they do not apply any further APR hikes after the card is 'closed' - ie it can no longer be used.
Has anyone else had this experience? I am about to find the original T&Cs to see if this is mentioned, but it sounded unusual to me.