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New card today, will ecomomy or £value make payments harder in the future?


mrk1
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Just got a credit card, first one  I have got to be honest, big purchase coming up (house related)... 

 

My question is,

with the british economy in freefall right now, will this say £3500 limit be much harder to pay off in say 1 year when and if the pound is worth 25% less than what it is now?

 

I know with inflation goods and services become much more expensive, so money / cash is much harder to come by (unless you sell food, energy or fuel of course!), so this could make paying it off a bit harder, but I want to know does a weaker pound make it harder, as in do banks actually make more from rising inflation after a contract is set??

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Its not that value of the £ that matters here

Its the interest that is set. If you do not pay within an Interest Free Period then it could mean higher interest rates to pay off. 

 

Value of the pound only matters in international payments for the most part. Overseas Payments / EXC Rates. 

 

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2 years interest free, 29% APR. 

 

Yes good shout on the international side of things, makes sense. 

Edited by dx100uk
unnecessary previous post quote removed
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