Barclays madness?

anjusan

I was recently informed by Barclays that my credit card limit was being reduced,this after over 30 years with them. ( to promote sensible borrowing or so it says)
My wife then recieved a letter asking her (because she was such a good customer) if she would like to go Platignum. She is the second card holder on my account retired and on a pension.I on the other haad as the principle card holder , pay the bills,work and have a very good salary paid into our Barclays account and get a reduced credit limit.:mad: What a shambles.

PNPSUKNET

Nope afraid thats barclays and others

staffie1

anjusan wrote: »

I was recently informed by Barclays that my credit card limit was being reduced,this after over 30 years with them. ( to promote sensible borrowing or so it says)
My wife then recieved a letter asking her (because she was such a good customer) if she would like to go Platignum. She is the second card holder on my account retired and on a pension.I on the other haad as the principle card holder , pay the bills,work and have a very good salary paid into our Barclays account and get a reduced credit limit.:mad: What a shambles.

With a very good salary I wouldn't be too concerned about the credit limit being reduced. You shouldn't need a high limit and it will protect you from getting into too much debt.

What are the implications of your wife getting a platinum card? Is it a higher limit than at present? All she has to do is decline the offer if she doesn't want it. If you don't need the facility, do without credit cards altogether.

Moggles_2

Barclaycard is not the only company to cut credit limits and you're not the first customer to have yours reduced, but I don't suppose that's any consolation.

Btw, the bank's credit card arm has limited info' about your current account due to data protection regulations, so your salary has no bearing on the decision.

The best solution is to vote with your feet. Provided that you have a decent credit rating, there's no shortage of good credit cards to choose from.

My wife then received a letter asking her (because she was such a good customer) if she would like to go Platinum. She is the second card holder on my account retired and on a pension.

This doesn't mean she would necessarily be accepted, if she were to apply. There are no guarantees.

never-in-doubt

OP - have a read here and if you don't mind, would you post details for others to see?

http://forums.moneysavingexpert.com/showthread.html?t=1694063

Thanks

chipz

unusally responsible decision from barclays if you ask me.

chattychappy

I agree with the OP. A total shambles. Laced in predictable, patronising twaddle too.

Welcome to 21st century banking!

never-in-doubt

chattychappy wrote: »

I agree with the OP. A total shambles. Laced in predictable, patronising twaddle too.

Welcome to 21st century banking!

That's Barclays for you

anjusan

chipz wrote: »

unusally responsible decision from barclays if you ask me.

In what way???
Im not in debt to them or anyone else. All this has done is make me use another bank that will give me (a reqired) higher limit.
The foolishness as I see it is my wife was offered the card and I wasnt.

It wasnt you that sent the letter was it???:rolleyes:

Moggles_2

I was recently informed by Barclays that my credit card limit was being reduced

Well, I suppose they've got to pay for those bonuses somehow :rolleyes:

BenL

Loyal for 30 years! wow, you need to switch more taking cashback from websites for signing up and all the introductory bonuses.

You are a customer reference number to them that's all.

Look out for yourself!