Marbles selling CC accounts to `Aviemore` ?

yeah got the letter, I think all Marbles accounts have been sold:-

http://www.finextra.com/fullstory.asp?id=17660

HSBC have lost their marbles. (I apologise. I had to get that pun out of my system. )

I got the letter today, and it's not good enough.
I think they can change anything if and when they want to. The Aprs will go sky high at the first opportunity. :mad:
I think there should be a law preventing companies to sell accounts (and all the datas held about you)without the permission of the account holders or without at least give them other options.
How on earth can we be efficient in preventing identity theft if any company can flog all informations they have on you to any other company without any care in the world? :mad:
Then when you are victim of identity theft you are the ones who needs to prove that someone else is pretending to be you?
I've never heard of SAV credit of aviemore before now. Who are they really?

I have paid the balance on the card yesterday and when my account will be showing 0.00 balance I will call them to cancel my account.
My card expires in march anyway, shame, that was the card I have used the most consistently since I have credit cards, as there wasn't many changes made since I got it (the APR gone up to 12.9% and stayed there for years, not bad). I'll miss that card........

DGJsaver wrote: »

As i feared Spark , the cheeky sods sent us a BT offer only recently as well , isnt that a bit unethical ? (if we assume the worst) can they change APR`s on offers at the drop of a hat ?

I doubt anyone will notice any change to be honest.

If you are on any special offer, then those terms will remain.

As far as I can tell SAV Credit is backed by Palamon Capital, Electra Private Equity and Morgan Stanley Alternative Investment Partners and has been providing cards in the UK since 2001.

Selling credit card brands etc is common - for instance HSBC only acquired the [SIZE=-1]Beneficial and [/SIZE]Marbles brands in 2003 itself - they were owned by someone else before.

If HSBC did not think they were able to run this business, they wouldn't have sold it to them..

Regards
Sunil

Marbles changes to card agreement
I got a notice of variation from Marbles a few days ago.
Balance Transfers interest 15.9% per annum.
Cash advances interest 33.9% per annum
I never use the two above, so I don't know if they have risen by much.
Purchases interest 15.9% (used to be 12.9% in my case).
As HSBC have sold off Marbles to Aviemore/Sav, and comparing my new rates to the rates of an aqua credit card, I suppose it's not too bad (for Purchases). They are following the trend.
It seems that HFC is still managing the cardat the moment. Whether they will carry on like that or eventually Aviemore/Sav will manage the marbles accounts at a later date, I don't know, but I have the feeling that more increases will follow next year.