Shiny new credit card

July 20, 2006 by Oliver
Filed under: Personal 

My first blatantly personal post for a while – I now have a new Cahoot credit card. My main reason for getting one is to get an extra month’s interest on most of my income. And that idea is even easier to implement than I thought since you can set up a direct debit to pay off your balance automatically.

And a day after activating the card I got an email saying their default charges (for exceeding spending limit or late payment) have been reduced from £25 to £12.

So all is well in the world.

credit cards, Cahoot, interest, borrowing, finance

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Comments

2 Comments on Shiny new credit card

  1. RyanC on Thu, 20th Jul 2006 11:48 am

    2. What percentage is it though in case the direct debit fails and you get charged interest?

  2. Oliver on Thu, 20th Jul 2006 2:34 pm

    3. 8.9% APR