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The entire article is based on bullshit figures from "Money supermarket" (yet another consumer site that aims to give people a choice between credit cards, all the whole coming out with sensationalist nonsense for attention)...

The actual figures

That spreadsheet will accurately calculate how long it'll take to pay off a balance on any Egg, HSBC or Lloyds TSB card to within a couple of weeks... Halifax and Barclaycard will have a similar accuracy, but I can't promise anything because they use a slightly different method. Just change the figures with blue backgrounds to see how the different variables affect it...

But yes, the article quotes figures for 2%, 3%, 4% and 5%.. These, however, apply to 2%, 3%, 5% and 10% respectively. And I've got the mathematical proof... I hope the BBC respond to my e-mail...

Kicking up a fuss is fun :o)

(PS, feel free to use the above spreadsheet to work out just how much shit you're in)

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(Deleted comment)
They changed the article :) I got that technogeek regular columnist to change his article on the BBC News website once, hurrah for us!

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