Could I please draw your attention to an inaccuracy in a recent news story concerning the entry of People’s Bank to the UK credit-card market “US bank takes on marketer to oversee credit card launch” (MW April 12).
At the tail end of the story you say MBNA offers a card with an APR of 15.9 per cent.
The rate offers is in fact 18.9 per cent APR. In February of this year, RBS Advanta launched a credit card with an APR of 15.9 per cent and has since reduced the rate to 15.6 per cent.
Your coverage of events in the UK credit-card market is, in general, excellent.
I should therefore be grateful if you could advise the author of the article so that this uncharacteristic slip is not repeated.
M H Austin
Planning & development manager
The author has been advised. Ed