Citi Credit Card accounts transfer to CC Asset Management Ltd

Willow1

Hi,

I have received a leeter today from Citi Cards announcing they are transferring my account to CCAM.

Apparently part of the agreement is that CCAM will be able to request changes to the Ts and Cs.

Does anyone know CCAM or what the implications of this change may mean?

LeeSouthEast

No specific help for you from me, but a google of the name did turn this thread up on another forum that could be worth a read along with any advice you get here:

http://www.consumeractiongroup.co.uk/forum/debt-collection-industry/255347-citi-card-cc-asset.html

glowgirl_2

This is worth a read too http://forums.moneysavingexpert.com/showthread.html?t=2389067

oxbridge

Willow1 wrote: »

Hi,

I have received a leeter today from Citi Cards announcing they are transferring my account to CCAM.

Apparently part of the agreement is that CCAM will be able to request changes to the Ts and Cs.

Does anyone know CCAM or what the implications of this change may mean?

CCAM is a new company registered in Ireland and they purchased the Citi branded credit card portfolio in the UK which was about 539,000 accounts.

Letters were sent out to customers to say nothing will change until transfer complete, some customers may also see Clarity mentioned and a phone number of 0844 561 1715 and there is a lack of visibility of implications of move at the moment.

forlonangel

I too have had a letter today stating my interest rate is going up on May 19th as My account has never defaulted I was wondering why it was sold to CCAM On ringing CITI I could get no clear answer only to be told I could put my card into suspend As i do not want to do this what can I do now any suggestions please

Rupert_Bear

forlonangel wrote: »

I too have had a letter today stating my interest rate is going up on May 19th as My account has never defaulted I was wondering why it was sold to CCAM On ringing CITI I could get no clear answer only to be told I could put my card into suspend As i do not want to do this what can I do now any suggestions please

Obviously you have not heard of the banking crisis. Thats why they had to sell. Also they are now looking for a buyer for the Egg cc.

soul619

Rupert_Bear wrote: »

Obviously you have not heard of the banking crisis. Thats why they had to sell. Also they are now looking for a buyer for the Egg cc.

linky please

INT1

**Bump**

Just wondering if anyone has called Citi cards recently to enquire about any Balance transfer deals since their transfer to CCAM?

As posted on another thread, My balance is 0 and I don't know whether to keep the account open for possible BT offers or just close it down.

I will never use it for retail purchases as I get cashback and loyalty incentives on other cards.

Perhaps people could post up here if they get offered any BT deals? I will call them later and let you guys/girls know.

Thanks

Eldorado

Phoned and asked a couple of weeks back, but no Balance xfer deals. Phoned again today to close account and no offers to keep my custom, they just closed it - not too worried as card had served it purpose anyway.

Its-A-New-Age-Thing

yeah its the aqua group that own the brand now sure i read it on the SAV credit website......

Its-A-New-Age-Thing

yeah thought so heres a quote........

Welcome to the website of SAV Credit, the UK’s leading specialist credit card provider which operates the aqua and marbles cards, and recently completed a transaction involving the purchase of the Citi-branded UK credit card portfolio.