More MBNA doom for stoozers

No_6

Friend has just applied for MBNA virgin card @ 9 mths 0%
and has been refused.

On phoning to ask why, call centre member said it was because
of his previous two 0% deals with other MBNA cards.

"Its their new policy, which started this January."

The other MBNA cards had been paid off, in full, at the end of the 0% term.

No_6

smartsaver

Mr Smartsaver paid of his MBNA card on 23 Dec. He tried to renew the deal to no avail so canx the card in Jan 05. He applied as a new customer for a virgin card and was given one with a slightly higher very respectical limit of £18300.00 which is now winging it's way to an EGG account.

I have just paid off my MBNA card in full and have transferred the limit to my current Abbey. I intend to ring up in a day or two to see what deals they can offer me. If they can't they the account will be closed. There are more fish in the sea....

realaledrinker

Not at all suprised. I just can't see how their business model works. What's the betting they impose a 2% min payment soon?

They're definitely feeling the heat at the moment - 100 redundancies announced here in Chester only last week.

smartsaver

Might be something to do with the cash back on the A/L card. Lots will canx..

Gotabiscuit

Mmmm. This rings true. I cancelled a MBNA platinum card a few weeks ago and then applied for an Abbey card. Just had a refusal letter.

scattycat_3

Definitely belt tightening, maybe under gov pressure. I successfully applied for an Alliance & L. card, only to be told 2 weeks later that they had cancelled my Abbey card :mad: , because I hadnt used it in last 12 months.
When I complained the said they had phoned me, but had not got an answer. When asked why message not left on answering machine, told not company policy.

I suggest the best way forward is to open a small savings account, with the desired next tart-card's company. You will be treated with more respect as a current customer when appyling for their cc.

Banco Santander are going to push the Abbey card, so if you have an Abbey account I can't see Mbna being able to turn you down.

Scat

Gotabiscuit

scattycat wrote:

Banco Santander are going to push the Abbey card, so if you have an Abbey account I can't see Mbna being able to turn you down.

Scat

I've banked with Abbey for years so I thought I wouldn't have any trouble getting their card. To be honest, I suspect that MBNA make the decision, not Abbey.

scattycat_3

Gotabiscuit wrote:

I've banked with Abbey for years so I thought I wouldn't have any trouble getting their card. To be honest, I suspect that MBNA make the decision, not Abbey.

If you are a shareholder, they, (Banco ) have promised a deal on Abbey Card soon. No info yet, but this could get interesting as I will be jumping ship in September and it may have to be Egg then.