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Overdrafts - natwest
thriftymomma
Posts: 1,107 Forumite
My Bank(natwest) keep upping my overdraft but refuse to give me a credit card -why is that?
BTW the recent overdraft increase was from £2600 - £4000:think:
Now of course they send me a thing saying if I don't want it to send back the little slip but seems silly not to accept it. I don't live at the bottom of my overdraft either.
Anyone shed any light as to why they behave in this way?
BTW the recent overdraft increase was from £2600 - £4000:think:
Now of course they send me a thing saying if I don't want it to send back the little slip but seems silly not to accept it. I don't live at the bottom of my overdraft either.
Anyone shed any light as to why they behave in this way?
Got Halifax Classic to reduce my interest rate by 5% woohoo - 10/06/08 Thanks MSE!
Another 3% shaved off 10/12/08
ANOTHER 4 % June 09:beer:
Another 3% shaved off 10/12/08
ANOTHER 4 % June 09:beer:
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Comments
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Using an overdraft incurs interest as soon as it's used. A credit card (paid off in full every month) doesn't incur interest until a bill isn't paid in full.
Not that I'm at all cynical...Conjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0 -
When did you last apply and why were you declined? (credit scoring, credit history, affordability...) The decline could be due to something as silly as you living in a new build house and the post code not being properly registered with the system!Kavanne
Nuns! Nuns! Reverse!
'I do my job, do you do yours?'0 -
Perhaps you should stop upping your overdraft limit. It seems that the bank would be more likely to give you a £2k overdraft and £2k card than a £4k overdraft and a £2k card, for example.0
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Perhaps you should stop upping your overdraft limit. It seems that the bank would be more likely to give you a £2k overdraft and £2k card than a £4k overdraft and a £2k card, for example.
An action that's more likely to succeed is to go in for an appointment and arrange a (say) 3K reduction in overdraft in exchange for a 3K limit on a credit card.Conjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0 -
Paul_Herring wrote: »An action that's more likely to succeed is to go in for an appointment and arrange a (say) 3K reduction in overdraft in exchange for a 3K limit on a credit card.
I might write to them and suggest that actually. Thanks for your advice.Got Halifax Classic to reduce my interest rate by 5% woohoo - 10/06/08 Thanks MSE!
Another 3% shaved off 10/12/08
ANOTHER 4 % June 09:beer:0 -
When did you last apply and why were you declined? (credit scoring, credit history, affordability...) The decline could be due to something as silly as you living in a new build house and the post code not being properly registered with the system!
Umm, I think it was about 6 months ago but tbh, I don't have a sparkling credit file so am continuously surprised that they do this. I think they cited affordability
Got Halifax Classic to reduce my interest rate by 5% woohoo - 10/06/08 Thanks MSE!
Another 3% shaved off 10/12/08
ANOTHER 4 % June 09:beer:0 -
Paul_Herring wrote: »Using an overdraft incurs interest as soon as it's used. A credit card (paid off in full every month) doesn't incur interest until a bill isn't paid in full.
Not that I'm at all cynical...
LOL It does seem the most likely option I must admit!Got Halifax Classic to reduce my interest rate by 5% woohoo - 10/06/08 Thanks MSE!
Another 3% shaved off 10/12/08
ANOTHER 4 % June 09:beer:0 -
Perhaps you should stop upping your overdraft limit. It seems that the bank would be more likely to give you a £2k overdraft and £2k card than a £4k overdraft and a £2k card, for example.
I don't keep upping it, that's the point - it appears to be an automatic thing they do themselves. I only know about it when they send me a letter and they apply it about 14 days later.Got Halifax Classic to reduce my interest rate by 5% woohoo - 10/06/08 Thanks MSE!
Another 3% shaved off 10/12/08
ANOTHER 4 % June 09:beer:0 -
I would suggest that Natwest have managed to blend a fatal combination of idiocy, and pure evil.
I've also been declined for a credit card, and the reason apparently was because I use my interest free overdraft, which THEY suggested I have.
Natwest staff are some of the most irritating, complacent and stupid people I have ever met. I'm a planning a strategic move away from them very shortly.0 -
I would suggest that Natwest have managed to blend a fatal combination of idiocy, and pure evil.
I've also been declined for a credit card, and the reason apparently was because I use my interest free overdraft, which THEY suggested I have.
Natwest staff are some of the most irritating, complacent and stupid people I have ever met. I'm a planning a strategic move away from them very shortly.
Where you gonna move to?0
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