Lloyds TSB - new account

Cash_Flow

noah271007 wrote: »

I would have thought there is a criteria depend on credit history (when opening a/c) or status within LTSB to able to upgrade.

So i take it your credit history is very good? It should be if you are getting 250 CG and 250 interest free overdraft. Or is LTSB more interested in getting fees??

I have banked with lloyds for 13 years, I have a internal risk score of 3 my external credit score is good. But that said i can't upgrade to premier so i do think criteria is more important than fees.

I.e they give you a £250.00 CG card, and you decide to go and write thirty checks thats £7500.00 it would take them a long time in account FEES to reclaim that amount:D

noah271007

Cash_Flow wrote: »

I have banked with lloyds for 13 years, I have a internal risk score of 3 my external credit score is good. But that said i can't upgrade to premier so i do think criteria is more important than fees.

I.e they give you a £250.00 CG card, and you decide to go and write thirty checks thats £7500.00 it would take them a long time in account FEES to reclaim that amount:D

Thats what i thought. The fees are more to do with the available package with the account, not giving LTSB platinum cards out to anyone with £250 CG willy nilly in return for paying a fee per month. That would be wrong. I got good credit history, and i assumed had i not got a good credit history (ie defaults, missed payments etc) then they would not have given me a platinum. What are the criteria for having a premier card? I don't want one even if they offered me one because i found platinum more suited to my needs and value for money.

sutton111

HSBC is similar, If you have defaults etc and you apply for the HSBC Plus account you still get a £100 cheque guarantee.

noah271007

sutton111 wrote: »

HSBC is similar, If you have defaults etc and you apply for the HSBC Plus account you still get a £100 cheque guarantee.

That is not true. I had HSBC PLUS black debit card and did not have a £100 cheque guarantee but then this is because i am on a managed loan...but i never been overdrawn...i ve been mis-sold.

noah271007

I should have not got the managed loan in the first place... however since ive been on managed loan, ive never missed a payment and now its 700 quid outstanding with 4 months to go...i had been paying managed loan for over 2 years. I am looking to reclaim interest applied in managed loan because ive been mis-sold. HSBC have admitted i should be on personal loan. That said, interest on managed loan is very low because of BoE base rate so no point converting into a personal loan.