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_da_da_da t1_j477oge wrote

As someone from the EU, these rates are insane

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lart2150 t1_j4852y1 wrote

Just wait till you learn about pay day loans and 700% APR interest.

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thomasvector t1_j48jfkh wrote

I agree, and these are somewhat lowish interest rates over here. A lot of the cards start off at 19% and if you have bad credit, it's more like 25-30+% with $75-150 annual fees.

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Rikou336 t1_j47l6iv wrote

Yeah damn. Didn't know they go that high.

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ledow t1_j49mrev wrote

Laughs in UK English.

30+% credit cards are advertised everywhere.

Currently holding a 22.5%, an 18% and just closed a 26% I think. (I pay no interest on any of them, they are held purely for delaying payment to spread cost of large items or for deals where I profit).

A quick Google on a private window (so these are the rates they are ENTICING people with):

John Lewis 21.9% APR

Capital One 34.9% APR

HSBC: 23.9% APR and another of 29.9% APR

Barclaycard: 22.9%

Barclays: 33.9% ("Credit building".... such a scam) and 75.0% ("Rewards").

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