MSE News: MBNA pulls UK credit cards from sale

edited 30 September 2011 at 11:55AM in Credit Cards
48 replies 13.6K views
MSE_GuyMSE_Guy MSE Staff
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edited 30 September 2011 at 11:55AM in Credit Cards
This is the discussion thread for the following MSE News Story:

"Consumers have lost the chance to switch to many top plastic deals, as Bank of America prepares to sell the business ..."
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Replies

  • JammiJammi Forumite
    142 Posts
    The article mentions MBNA'S deals for new customers, however it omits the fantastic repeat offers that MBNA are renowned for offering existing customers. The credit card savvy will be sad to see them go. Those who have been stung by their cat and mouse tactic of raising interest rates for customers with no where to move their balance to will be glad to see the back of them.

    I played them at their game and won for many years.
  • JimmyTheWigJimmyTheWig Forumite
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    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
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    Woah, these are big players in the credit card market.
    This is bad news for tarts and stoozers.
  • Barclaycards next purchase? Combined with EGG customers I think they will just about rule the CC market in the UK if they did.
  • fozmcfcfozmcfc Forumite
    3.1K Posts
    Part of the Furniture Combo Breaker PPI Party Pooper Debt-free and Proud!
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    Jammi wrote: »
    The article mentions MBNA'S deals for new customers, however it omits the fantastic repeat offers that MBNA are renowned for offering existing customers. The credit card savvy will be sad to see them go. Those who have been stung by their cat and mouse tactic of raising interest rates for customers with no where to move their balance to will be glad to see the back of them.

    I played them at their game and won for many years.

    100% with this, in my experience the repeat offers are second to none.
  • Didnt MBNA purchase Conran card and then stop the cashback? Rather pointless business model buying customers and then losing them by removing the one thing they had the card for.
    illegitimi non carborundum
  • pqrdefpqrdef Forumite
    4.6K Posts
    Woah, these are big players in the credit card market.
    This is bad news for tarts and stoozers.
    Apparently they're still doing Virgin cards. They've only pulled their own brand.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • datostardatostar Forumite
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    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
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    My Chase Manhattan Visa Card turned into GiroBank; then Alliance & Leicester; then MBNA, all without any action from me. So what's next? Chameleon Card??
  • All the application links on the MBNA website still appear to be working

    some pages starting https://www.euapplyonlinenow.com/ are not , although the AA card still is

    Irish MBNA application forms still appear to be working

    No mention of this on any other news website

    perhaps the MSE journo has made a mistake with the press embargo date :think:
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • IdiophreakIdiophreak Forumite
    12K Posts
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    Don't really get this...If I were a widget manufacturer and was preparing to sell the company, I'd be doing all I could do sell as many widgets as possible...I wouldn't pull widgets from sale...
  • Idiophreak wrote: »
    Don't really get this...If I were a widget manufacturer and was preparing to sell the company, I'd be doing all I could do sell as many widgets as possible...I wouldn't pull widgets from sale...

    getting new customers costs lots of money. I guess they are trying to cut their spendings and hope to get a higher valuation from the bidders. ;)
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