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MBNA - confused.. :S
mel19632
Posts: 647 Forumite
in Credit cards
Hi all,
Quick question for the ever helpful forum!
I have a credit card with MBNA (a football one) - two months ago I was written to by MBNA who said that they were terminating their association with the said football club and therefore would be closing my account.
Fine. However I have a 0% offer valid until November, but my account was closed at beginning of August. Letter did not mention any promotional rates.
Then about a month ago I got a letter saying that following the closure of my account, rates of 34.9% would be applied following my september statement.
Again, fine (not nice, but I accept it!) - however I have just had my september statement though and under interest rates there is a code for promotional rate of 0% valid until November!
What do I assume? Will they start charging 34.9%, or will they have to honour the 0%? I have not invalidated it in any way (i.e. not gone over limit or missed payment etc)
Any ideas??
Thanks!!
Quick question for the ever helpful forum!
I have a credit card with MBNA (a football one) - two months ago I was written to by MBNA who said that they were terminating their association with the said football club and therefore would be closing my account.
Fine. However I have a 0% offer valid until November, but my account was closed at beginning of August. Letter did not mention any promotional rates.
Then about a month ago I got a letter saying that following the closure of my account, rates of 34.9% would be applied following my september statement.
Again, fine (not nice, but I accept it!) - however I have just had my september statement though and under interest rates there is a code for promotional rate of 0% valid until November!
What do I assume? Will they start charging 34.9%, or will they have to honour the 0%? I have not invalidated it in any way (i.e. not gone over limit or missed payment etc)
Any ideas??
Thanks!!
Paying down the mortgage:
At 1 October 2011: £226,000
Currently: £224,499
Aim: 85% LTV (£212,500)
Paid £1,500
Target remaining: 88.89%
At 1 October 2011: £226,000
Currently: £224,499
Aim: 85% LTV (£212,500)
Paid £1,500
Target remaining: 88.89%
0
Comments
-
I think that if they have agreed 0% until November then they have to honour this even if they transfer your account to a new one.
I suspect that they will have moved the 0% promotion over the the new account.
If you have any doubts then I would give them a call to ask. If they have not moved the 0% promotion over then I would think that you have a good cause to make a complaint that they are not honouring their agreement with you.
Good Luck.0
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