20/10/2024
😡 WOW just f***** WOW Lloyds Bank!! How can 55% APR be a Benefit!!!!!!!!
😳 One of my my 360 “benefits” with my Lloyds account is to have this card with a 55% interest rate on it!!!
😏 Those of you that know my story know I got stuck in credit card debt as a young adult, as a result of an impulsive personality, a need to be seen as successful and definitely because I didn’t understand the implications of “benefits” like these.
😱They tell you you need to spend £3000 in 3 months to get £50 back. If you don’t pay off the balance of £3000 and don’t clear it down each month it will likely cost you another £1650 a year in interest!
😳 Don’t forget though that they’ll very generously give you £50 cash back so it’s only potentially £1600!!!!
💰 But NOT only that - there’s a monthly fee too!!!!!! What the actual!? 🤯
😤 If you can spend and clear off £3000 each month - you don’t need this card - so who’s benefiting really!!!!
🤯🤯🤯 Shame on you Lloyds Bank for your misleading marketing 🤬🤬🤬🤬🤬
The irony of a strap line like “Helping Britain Prosper”!! Helping Lloyds Prosper more like!!
Now I need to point out that this is obviously only MY opinion, and other opinions exist.
🥰 What I’d like you to take away from my mornings rage is to ask yourself when you see financial marketing
“What’s in it for them? And
What’s in it for me?” to check out the suitability of a product for you.
