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Super Contributor
Posts: 288
Registered: ‎03-29-2010
I have been an excellent member since 1986. I just got a notice that Synchrony Bank who provides your Q Card just upped their interest rate to 34%. This is horrendous.
Super Contributor
Posts: 288
Registered: ‎03-29-2010
 
Respected Contributor
Posts: 4,744
Registered: ‎06-04-2012

@MagnoliaMs 

 

Beyond horrendous.  Can't imagine carrying a balance.  Talbot's card is up there too.

Super Contributor
Posts: 288
Registered: ‎03-29-2010
Yes! I paid my card off and will not be using it!
Honored Contributor
Posts: 74,387
Registered: ‎03-10-2010

@MagnoliaMs.  This has nothing to do with QVC or the length. Of your membership.  It's Sychrony Bank.  Most people will just use another CC.

 

I'm betting Sychrony does the same to all the several hundred retailers with whom they have agreements.

New Mexico☀️Land Of Enchantment
Respected Contributor
Posts: 2,261
Registered: ‎06-27-2010

@Kachina624 wrote:

@MagnoliaMs.  This has nothing to do with QVC or the length. Of your membership.  It's Sychrony Bank.  Most people will just use another CC.

 

I'm betting Sychrony does the same to all the several hundred retailers with whom they have agreements.

 

Yes, they have.  


Esteemed Contributor
Posts: 6,320
Registered: ‎03-09-2010

@Kachina624 wrote:

@MagnoliaMs.  This has nothing to do with QVC or the length. Of your membership.  It's Sychrony Bank.  Most people will just use another CC.

 

I'm betting Sychrony does the same to all the several hundred retailers with whom they have agreements.


Yes.  So far because of this I've opted out of TJMaxx, HSN and as soon as I get the QVC notice, I will do that too

Honored Contributor
Posts: 34,833
Registered: ‎03-10-2010

Only my Discover card still has a somewhat reasonable rate now.  It is criminal what they charge.  Robbery that is legal.  And unnecessary.

Working folks foot the bill for a lot of freeloaders now, and I think interest rates reflect this. 

Esteemed Contributor
Posts: 7,725
Registered: ‎08-19-2014

Re: Q Card Interest Rate

[ Edited ]

If people pay it they will charge it!!

 

 My HSN card is with Sychrony Bank . It has a 24% interest rate too. I don't pay interest on my credit cards. I pay off the balance every month. When I got a zero % interest rate, years ago I used to carry a balance. Not anymore.

 

 These banks have some nerve. They give people a pittance worth of interest on their money & then rob them blind on high interest rates when they take out a card.

Esteemed Contributor
Posts: 6,320
Registered: ‎03-09-2010

@NicksmomESQ   My HSN card just got increased to 34% in July. 

I will opt out.  When they increase QVC I'll opt out of that too. Already dropped TJMaxx