Asda Credit Card Now Santander Not GE Money

clio

Big notice when i logged into my account, done a search on top of that and came up with this. It not only affects the Asda card but all of their cards.
http://www.forbes.com/feeds/ap/2009/01/08/ap5895194.html

On 7th January 2009 GE Consumer Credit Services Limited, the company which provides your card account, was acquired by Banco Santander SA ("Banco Santander"). As a result of this acquisition, GE Consumer Credit Services Limited will no longer be owned by GE and will instead be part of the Banco Santander group. Over the coming months you will notice that references to GE Consumer Credit Services Limited are replaced by Santander Consumer Credit Services Limited. There is nothing that you need to do in relation to this change, all current payment arrangements will stay as they are today. If you pay by Direct Debit your payments will be collected as usual.

BenL

Yep, Santander have been on with this for a while, well at least 6 months i think.

Stuff like Fiat group auto finance have been passed over and probably all the store cards too.

darcyvuqua

santander are becoming the dominant bank in the uk i feel

chris_wales

Also Mazda credit (formally run by ford credit) as of 1/1/09 are now run by santander. (but only for new customers, all exisiting ones will stay with ford credit)

clio

what are santander like to deal with, will we see an improvement over GE Money?

BenL

I would doubt it but i don;t deal with GE Money myself.

I know a few people who work at one of their offices in Leeds so might get to hear of redundancies etc in due course.

When Santander took over my ex-employer (Abbey group) lots of cost saving measures, cancellation of projects, dept merges and off-shoring.

Some things look to have improved though with credit cards coming back from MBNA.

newlywed

Does anyone know if that means Santander can legally take money from an A&L current account to offset money owed to a GE Money card????

Anyone know? Anyone seen any changes in T&C's??????

p00hsticks

I donlt really mind as long as they keep knocking the 2p a litre off the petrol !

97trophy

newlywed wrote: »

Does anyone know if that means Santander can legally take money from an A&L current account to offset money owed to a GE Money card????

I suspect the answer is yes.

Mrs_Ryan

Oh hell. Im going to have a late payment on my Evans card this month. I just hope they dont go raiding my A&L account!!

Ch4rlieB

I've never heard of a credit card company just taking the money, without a DD already being set up.

So I wouldnt really worry.