Texaco 3.9% life of balance to stay

MSE_Martin

Many of you have been receiving letters (see here) from Texaco announcing the card is being closed and customers will be moved to a Lloyds Platinum card. I've just put the phone down after speaking to Lloyds about this, and it came back to say "all current balance transfer deals will continue to be honoured".

In other words those who have 3.9% lob now will keep it on the new card. This doesn't mean new debt can be moved to it, but the existing debts will stay at this rate.

Just to confirm, this offer is only for existing holders of the Texaco card, the card isn't available to new customers.

The following is Lloyds TSB's statement on the subject from Leigh Caulder, Senior Manager, Corporate Relations;

" We are contacting Texaco customers to give them notice that we will be replacing their existing Texaco card with a new Lloyds TSB Platinum card

§ We stopped accepting new applications for the Texaco card at the end of September 2005 and will not issue any new Texaco cards. The promotional balance transfer rate of 3.9% APR for the life of the balance is no longer available

§ Customers who have taken advantage of a promotional balance transfer rate (including the 3.9% APR rate mentioned above) will continue to enjoy the same rate for the same period"

I hope that helps

Martin

boots_babe

Martin, thank you so much for investigating this. This is excellent news The way the letter was worded sounded ominous to me, so to find out they won't actually make me lose my LOB is a big relief.

I did try and ring the helpline over the weekend but after waiting for 50 minutes I gave up

Thanks Martin

mountainofdebt

for that info.

Keep up the good work!

champx70

Thanks again for looking into this.

Look forward to seeing the Lloyd TSB confirmation.

shredder

thanks for looking into that for us
many thanks

cashflow

Thank you for contacting Texaco, and getting confirmation that the 'life of balance' will be honoured. I wonder why they didn't write that in their letter!
Keep up the excellent crusade.

Dazza.mk_2

Just to add to the above - Thanks Martin!!

Odd_Fellow

Nothing more to add but


Thank You Martin

dang

I agree with the others - thanks very much for the info :-)

MSE_Martin

I have now added the Lloyds TSB statement to the first post....

and thank you for the thanks

RickyTBRidge

Well done Martin, Great News