1 reviews | Active since Jul 2012
Non-Negotiable Credit Card Interest
So, I phoned the Standard Bank Credit Card division and asked the lady who I should contact to discuss the interest charged on my Credit Card. She rep**** that it is not possible to change credit card interest rate and that Standard Bank does not have a process whereby this is can be discussed or reviewed. She confirmed that I am stuck with the Interest Rate that Standard Bank gave me when I got my credit card more than 15 years ago. So I asked her if my only option is then to go to another bank, and she rep**** that if that is my choice, then I can do that. She can't help me or refer me to anyone, because there is no one to refer me to. She said that I am welcome to phone their complaints line... I can't believe that Std Bank has no process for clients to review interest rates. I have been a Std Bank client for more than 30 years, and I am now getting my 2nd home loan with Standard Bank. So I have no choice but to cancel my Credit Card with Std Bank and then get a card at another bank that gives me half the interest rate. Really. Half. Std Bank interest = R20%. Capitech is 10.5%. This is really poor service and I am very disappointed about this lack of loyalty to long-term clients. It will be very inconvenient for me to bank with two different banks, but if is saves me this much money, I have no choice.
Thank you for posting your comments.
One of our bankers will be in contact with you.
Kind regards
Complaint Resolution Centre
Thank you for posting your comments.
One of our bankers will be in contact with you.
Kind regards
Complaint Resolution Centre
