Poor reward

Robert_Sterling

NickX wrote: »

It sounds as though you have socialist principles but your actions are more pertaining to those of a capitalist.

I think you would do well in the "New Labour" party :rotfl:

When Margaret Thatcher was giving away the nations silver I was against it but it did not make sense to let her supporters get all the silver so I tried to get my share.

geoffd50

Wow ! What a hornets nest !

Thanks for all the responses - for and against.

As to why I don't give in, spend a quid and keep the limit ? Because it's illogical, does not help security, fraud prevention or even income for RBS. And because RBS refuse to discuss the matter sensibly - stating that it's an irreversible decision. But mostly it's because I have something at least one responder doesn't seem to have and that would be PRINCIPLES !

What RBS have done is wrong and unjustified.

Just like admitting to stoozing then suggesting everyone else should only be allowed one card. What a guy !

G

Any

Good man!!

Yes, hold onto your "principles" and loose the card with good limit - that will teach them!!:rotfl::rotfl:

_Andy_

For anyone with a legitimate complaint that the FSO is dealing with and wondering why they have such a backlog, nonsense queries/complaints like the OP has lodged with them is one of the main reasons.

geoffd50

The last threads sum up the real problem nicely ! IMHO principles need to make a comeback. Especially on financial forums !

Funny isn’t it that when an individual who has done no wrong, broken no rules, not got into debt by using a card to excess, paid up on time, but decided to hold a card he doesn’t want to use regularly as an insurance policy – and it’s taken away by the bank, that’s a nonsense complaint. Not worthy of external scrutiny for fairness. BTW I used the Ombudsman, not the FSO.

On the other side of that coin it’s seen as a great crusade, supported by all and sundry when the banks are challenged about their ‘unfair fees’. Fees levied against hordes of those who did break the rules.

I’m just as entitled not to have the bank ride roughshod over me, in fact I’m more entitled because I’ve done nothing wrong. Unfortunately, might is right, and I’m not mighty RBS.

And it's a sad society that doesn't recognise that I have rights too.

Geoff

opinions4u

geoffd50 wrote: »

The last threads sum up the real problem nicely ! IMHO principles need to make a comeback. Especially on financial forums !

Your complaint is, effectively, that the bank won't lend you the money that you want them to lend you.

That should always be a right that a lender has. A reasonable principle.

Funny isn’t it that when an individual who has done no wrong, broken no rules, not got into debt by using a card to excess, paid up on time, but decided to hold a card he doesn’t want to use regularly as an insurance policy – and it’s taken away by the bank, that’s a nonsense complaint. Not worthy of external scrutiny for fairness.

Again, they have the right to offer you credit or not. If they don't want to provide you with a facility, they don't have to.

BTW I used the Ombudsman, not the FSO.

The FSO is the Financial Services Ombudsman.

I’m just as entitled not to have the bank ride roughshod over me, in fact I’m more entitled because I’ve done nothing wrong. Unfortunately, might is right, and I’m not mighty RBS.

There is little mighty about RBS these days.

And it's a sad society that doesn't recognise that I have rights too.

Geoff, you have rights. One of those is to take your business elsewhere. So do it if you don't like the RBS choices.

In your original post you stated:

They also said that if I used the card (even for a £1 purchase) by a certain date, my existing limit would be maintained.

In other words, for very little effort you can keep your credit limit.

Be a victim if you want. Personally I'd pay for my next city centre car park experience on the card, repay the amount in full, and retain my credit limit if it was so important to me.

Any

Brilliant post Opinions4you.

Geoff - this has nothing to do with principles. You are just sulking nothing more.

The bank is a business and as such also has the right to take it's business elsewhere and offer it to people who will use it.

You only see your point of view and noone elses.