should also have asked, my M & S credit card recently wrote saying they were upping the interest rates and if you didnt agree then your account would be closed. as my BOS one is about to be closed i did wonder when the rates rise again will my rates on the card rise even though the account was closed and not kept at the rate when closed. any reply greatly appreciated douglass

Hi there very interested in the post title, BOS have said they wont be renewing the account when the current credit card expires this month, i take it interest will still be paid? just that M & S card that i also have said last month due to the interest/rates rising we could either agree or if you dindt the account would be closed. this got me thinking if the BOS interest rate went up in the future would it still apply to me account? any advice appreciated douglas

Hi there thats what i thought, another card M and S credit card that i have recently upped the interest rates and the accompanying letter said if you didnt wish to go on this rate you were to notify them but they would cancel the card/account. what happens then in the instance of the BOS being cancelled and say moths later rates going up, will mine go up as well even though the account is closed? regards douglas

Hi all BOS is cancelling my credit card when the original one expires this month. all i got was a letter saying they have reviewed the account and wont be issuing another card and that i will have to keep the repayments up until the balance is zero. I have never missed any payments and the only thing is that for as long as i can remember only piad just above the minimum payments which of course takes years to get it down. not really bothered about it being closed, just that will interest still be charged to the account regards douglas

Hi all the Bank of scotland wrote today saying they are not going to issue me with a new credit card when the current one expires very soon. they are closing the account, and wish me to keep repaying it until the balance is zero i have never missed a payment although for the last while i was only paying just above the minimum payment which will cost years to pay off. I was wondering if the interest will still be charged? or just a straight monthly payment any advice info greatly appreciated douglas