Should I take Lloyds cancellation offer?

MiserlyMartin

Phoned up Lloyds to cancel my Advance card which was 12 months 0%. They asked me what they could do to make me stay. I said, 'another interest free deal'. So they offered 6 months interest free. I asked to see the offer in writing but they said they can't do send it in writing, its an on the phone only offer. Is this a safe bet? I am worried about being stung with BT fees. They assured me no fees, but I would like it in writing. Am I right to be cautious?
Has anybody else had this when trying to cancel?

YorkshireBoy

I've recently taken a 0% repeat deal from Virgin in similar circumstances.

Just record the name, extension number, call centre location, date & time of your call. Then check your next statement (and/or online area if you have it) to ensure everything's OK.

A further 6 months 0%, no BT fee, no credit check...it doesn't get much better than that...well it does actually...why not ask for a small credit limit increase as well?

Don't be greedy, because if you ask for too much they'll need to credit search you first. I got a 30% credit limit increase with Virgin without a credit search.

MiserlyMartin

Cheers I'll give it a go.

grumbler

MiserlyMartin wrote:

...Has anybody else had this when trying to cancel?

I had. See my post #6 in more than one card from same company? thread. Also there area a few posts in Sticky: Unoffical Existing Customer Balance Transfers (search it for advance).

enginelove

Just thought you'd like to know..I have had an Advance Card form Lloyds for Years..Out of curiosity and because they have so many cards, I called to check what rate I was on.....I was advised that it was 11.09%..so far so good.....then OH MY GOD..
SHOCK , HORROR, PANIC

I was advised that this Rate would be INCREASING IN THE NEAR FUTURE TO...14.09%!!!!!

I asked when the rate would Change andI was advised that they were not sure but a note would be placed on my Statement as there are different Rates...!!!!

So I logged on STRAIGHT AWAY TO THIS SITE TO LET EVERYONE KNOW....PLEASE GO AND TRANSFER ALL YOUR BALANCES NOW!!!