New A&L Santander zero

starsky365

I got a letter the other day from A&L. They turned me down for their MBNA card last year but the letter send 'we guarantee to accept you'!!!! has anybody recieved one yet? surely if the do this they'll be shelling out cards with £25 limits or something stupid?

nzseries1

I haven't received such an offer, but personally I wouldn't believe it without reading every single word of the letter. It almost definitely says "We guarantee to accept you..." and then in small print "...subject to terms and conditions".

It's like Vodafone saying (which they do) "Unlimited internet!!!" and then in small print saying "Unlimited means limited to 2GB per month".

In this country, companies are allowed to change the meaning of words in the English language and they don't have to explain themselves to anyone.

Personally, if it says "guaranteed acceptance", and the words "subject to" don't appear in the T&Cs, I'd apply, and then if I got declined, I'd lodge a formal complaint with the Financial Ombudsman.

NickX

nzseries1 wrote: »

In this country, companies are allowed to change the meaning of words in the English language and they don't have to explain themselves to anyone.

I agree. All the legislation going back years carefully debated in the Houses of Parliament and still clever salesmen\marketing people appear to get away with whatever they want.

Makes you wonder what the point of having laws at all is

janh_2

We got this letter today& the Zero card sounds fantastic - no conversion fee on purchases abroad, and 0% for 12 months with no fee on balance transfers.

It also mentions that the old A&L card is run by MBNA & will no longer be part of A&L so if it's administered by a different organisation it's worth applying anyway? I will give it a go, if only for the 0% abroad!

Martinslovechild

I've received the same letter also.

I can't find anything at all in the letter which says "subject to...", so it will be interesting to see what the credit limit looks like when it eventually turns up...

liviboy

I received this letter about 1 1/2 months ago from Abbey the form at the top says "Guranteed" and doesn't ask for any information simply your siganture, a passwordnd a few other bits and bobs - no questions about income or employer etc.

I received my Zero card through after about 2 weeks with a £6000 limit!

There was no reference at all about subject to conditions etc, the letter even stated at the bottom "you've nothing to lose, you're GURANTEED to be accepted" or words to that effect...

catieeb06

Our lowest limit is £250, our highest is £25,000.

alexl

i got this letter and sent off my application yesterday.

I wanted to ask a question, which is applicable to any credit card i guess - it says the first (i think) 3 months would be interest free - does this mean literally that you don't have to pay anything off in these three months (if you want) because it will not incur any fees of any sort? thanks

nzseries1

alexl wrote: »

does this mean literally that you don't have to pay anything off in these three months (if you want) because it will not incur any fees of any sort? thanks

No unfortunately it doesn't. You still have to pay the minimum payments during that time, it's just that for the first 3 months, the outstanding balance won't gather any interest.

alexl

so the amount repayable in the first three months is the actual value of what you have spent?

Moggles_2

alexl wrote: »

So the amount repayable in the first three months is the actual value of what you have spent?

No, you have to meet the minimum payment required each month, which is usually 2%-3% of your statement balance.