I've been screwed by MBNA..Help!
Options
Comments
-
Are MBNA getting tough on people using its cards as Mules for stoozing?
OP, what is your MBNA credit limit?0 -
Nobody would make such a mistake.
You tried to take advantage of all the advice on here to use MBNA as a mule card and it backfired.
Probably MBNA are getting sick of it; after all it is of no advantage to them in any way.0 -
Very recently I used MBNA to mule £13500 from Barclaycard to my bank account. My MBNA account was then 13.5k in credit.
I did have a bit of a grilling as to why I had put the account into credit. I started to explain to the cs rep what I was doing but she couldn't grasp the concept so I ended up telling her I had made a mistake and the credit balance was transferred to my current account.
It is probably the last time I will use MBNA for this purpose, not least because I have run out of 0% BT offers I could use. Just peaked at around £55K stoozed will have to give it a few years before I get accepted for anymore cards!0 -
YorkshireBoy wrote: »I suspect your downfall was the size of the +ve balance. I've muled well over £20K through MBNA in the last 2 months, but kept all +ve balances under £10K...an approach I've adopted since the good old Egg Money days*.
I did get a bit of a grilling on the 2nd and 3rd requests, but nothing too serious. It was enough, however, to persuade me to mule the remaining £10K through a different provider.
Is £10k a standard trigger for money laundering checks? Nationwide told me that anything over £3k on their card would lead to a delay in transferring it out.0 -
Credit limit was £9800, balance remaining was -£5,254, I transferred £15,540 (when I should have transferred £15,054) which brought balance to +£10,286. Simple mistake yet costly.
PS Congratulations on getting a £15K+ initial credit limit from Barclaycard. Such a shame that you have ruined the excellent credit history that you must have had to have got this limit by being greedy.0
This discussion has been closed.
Categories
- All Categories
- 343.2K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.7K Spending & Discounts
- 235.3K Work, Benefits & Business
- 608.1K Mortgages, Homes & Bills
- 173.1K Life & Family
- 247.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards