Alliance & Leicester dropping cashback

zcaprd7

I too have an A&L current account and I got the letter - is it worth having a moan - A&L is run by MBNA so if you cancel remember to move any credit limit over to anther MBNA card if you have one...

MarkyMarkD

Martin's original comments were inaccurate - it's not "current account/mortgage/any other account", it's PREMIER current account or mortgage customers who will continue to get cashback.

And wiggy, they didn't ask you to set up a DIRECT DEBIT for your cashback. That would make no sense! They might have asked for your bank details so they can do a DIRECT CREDIT! But as another poster said, I think they are now paying the cashback direct into the credit card account, so they wouldn't need bank details at all. ???

smartsaver

I'll watch with interest(!) what happens with the Abbey cashback card also backed by MBNA. Would put my cash back allowance on it going the same way.....

lovelyjubbly

I agree with markymarkd, I have just spoken to someone at Alliance and Leicester and they said you have to have a premier current account which means a minimum deposit of £500 per month into the account, or a mortgage account, I told them I have an ordinary current account and a saving account and they said it didn't matter how much was in the saving account it didn't qualify, so they have just lost my custom, and probably a lot of other peoples custom as well.

TREVORCOLMAN

I had my letter last Friday and was on the phone to cancel my card 30 seconds later. They asked the reason and I told them its because they have reduced the cashback. They did not seem bothered at all. I said "You will be getting a lot of these calls to cancel" to which the lady on the line just agreed! Not much of a way to attract business, but I suspect these "fat cats" make enough from others.

jonesMUFCforever

Just to point out that A&L cashback cards were sold to MBNA a few years ago.
Therefore I do not see the connection between losing cashback and not having any other A&L products. How would MBNA get to know this without A&L providing them with information which would surely be illegal under the Data protection act.
Eric

24seven

Don't cancel you card until you have the cashback they owe you

I'm sure I read that you will loose your cashback if you close your account, be carful at least.

TREVORCOLMAN

Just had my cash back which wasnt much as I have been using Morgan Stanley card at 1% CB. Therefore nothing has been lost.

buses7675

They probably already know who has either an A&L Preimer or Premier Plus account, as your card is a MoneyBack Plus Credit Card, where as stanard ones are just MoneyBack Credit Cards.

Therefore its probably the MoneyBack Credit Card that is having its moneyback removed.

I have the stanard MoneyBack Card, and was quite suprised last week too when the sent me a replcement card, even though my existing one has another 18 months or so to run anyway - Once the MoneyBack stops though (although I've yet to have a letter), I'll almost certainly stop using it anyway!

jo_b_2

I use the A+L cashback card for all my excess spending over my Barclaycard 0% limit. Got worried when I saw the title of this thread, but have a Premier Current account and mortgage with A+L so should be okay.