Was a Card Tart but they don't want me back

I'mcomingbackasaman

I've made use of the info. Martin said about making the most of 0% offers on cards, but have found with Mint and Lloyds they won't let me have another card 6 months later when another offer is on. Can't understand why when I've paid off the previous balance within the time limit then cancelled the card.
Has anyone else had this experience? Maybe it's because I'm earn under £15000 and any credit check made would show a lot of activity on my records.
Took a cheap loan and paid off credit card completely. Give my credit a rest.

58 payments to go - debt free February 2010 failing lottery win.
£ in savings account £40 - commenced in Feb. 2006

mistyarthur

I think you may not be automatically entitled to a new customer offer because you previously were a customer and left them within the past year.

mary

It's not an automatic right they will offer you the same again. Have a think as to whether from their point of view, they made any money out of you?

I'mcomingbackasaman

mistyarthur wrote:

I think you may not be automatically entitled to a new customer offer because you previously were a customer and left them within the past year.

Hmm in that case I'll wait another 6 months and see what's on offer then.
Thanks.

I'mcomingbackasaman

mary wrote:

It's not an automatic right they will offer you the same again. Have a think as to whether from their point of view, they made any money out of you?

I know it's not an automatic right it's when the offers are on.
I've been tarting too soon, not having a long enough break in between. As for them not making any money on me that's the idea isn't it? I pay enough to my bank for current account/charges for unpaid Direct Debits (even when the money's gone in later on that day as the DD came out) and I'm taxed on the money in my account even though I've already paid tax on it once.

Quote: Money talks but it's the root of all evil Quote.

mistyarthur

I'mcomingbackasaman wrote:

I've been tarting too soon, not having a long enough break in between. As for them not making any money on me that's the idea isn't it?

I think what mary means is that why would they want to offer you another deal as the only reason they offer them is to try and make the money from you and when they know that you don't fall for it they aren't so interested.

I'mcomingbackasaman wrote:

I pay enough to my bank for current account/charges for unpaid Direct Debits (even when the money's gone in later on that day as the DD came out)

You should look up getting those back as there was a tip in the email last week I think it was and you can claim back charges from your bank for things such as failed DB's, because they are unfair and are not justified for the costs the banks incur (legal requirement). People just think because its a bank they won't try and be underhand with you.
I would put a link in for you but I don't know how to

I'mcomingbackasaman

(You should look up getting those back as there was a tip in the email last week I think it was and you can claim back charges from your bank for things such as failed DB's, because they are unfair and are not justified for the costs the banks incur (legal requirement). People just think because its a bank they won't try and be underhand with you.)

Yes, I did see that about claiming bank charges back I've sent a letter asking for repayment - nothing ventured etc. and I'm asking my bank for a standard current account that I won't be charged for after I learned last week I'm paying £7 for a month for my current account with Lloyds.
Thanks all for your responses, putting our heads together over finances is very useful.

Mr.Mean

Come across a new card today, not cash back but a free return flight, no fees, 6mth 0%.
bmibaby.com/creditcard. Offer available after 1st purchase.

What do you think?

anybody see any catches that I haven't?

Clariman

As others have said, you should not have an 'expectation' of getting another offer 6 months later. In fact, MINT (RBS) insist on an 8 month gap before they will consider a customer for a new card offer, so applying after 6 was a waste of a credit search. I am not sure if LTSB have a specific policy on it.

A sensible course of action would be to ask them their policy when you close down a card. It won't guarantee you get one, but at least you won't be wasting your time.

Of course, the lender will still do a credit check on you so they may reject you for others reasons.

Clariman

I'mcomingbackasaman

Wish I was more sensible when it comes to reading the small print. I jumped the gun closing the card accounts so promptly and then not waiting the required length of time to apply again.

ultragain

Well I work for a card company and once you've had the intro offer, you can never have that rate again should you re-apply. I've always questioned this myself, surely holding information like that breaks banking codes or data protection.

Got a wife, girlfriend, or close mate? Get them to apply for the card you want and have you added as an additional.