MSE News: MBNA pulls UK credit cards from sale

atypical

picardygirl wrote: »

I phoned MBNA and asked why i had received two cards to be told the only difference is the AMEX card gives me 2 reward points for every pound i spend and the VISA card gives me 1 reward point for every point i spend ...... i asked why two cards though, they said use the VISA for places that dont accept AMEX.

Sorry, i know this sounds a bit thick, but why have they done this ?

You answered your own question. A lot of places don't accept American Express, so they've given you the option to use Visa now.

ppc1

bengalknights wrote: »

They would still make money via merchant fees etc.

Yes you are right. Plus late fees, overlimit fees, 1.99% via conversion charges, foreign currency transactions & interest.

Many people on a promotional offer still pay late and often MBNA will not re offer a 0% promo othter customers credit profile means that they are unable to transfer to another provider.

pre tax profit of £348million pounds for 2010. It makes money.

thegoodman

picardygirl wrote: »

We've had an MBNA Platinum cards for years ..... was sent a new card in July 2011 (as old one expired), then this week we were sent two new cards ...... new account number for MBNA Platinum VISA and an MBNA Amex card with a different account number......... both accounts on one statement though.

I phoned MBNA and asked why i had received two cards to be told the only difference is the AMEX card gives me 2 reward points for every pound i spend and the VISA card gives me 1 reward point for every point i spend ...... i asked why two cards though, they said use the VISA for places that dont accept AMEX.

Sorry, i know this sounds a bit thick, but why have they done this ?

It seem you are. If you read the message 10 times you will find the answer. Try it.

picardygirl

thegoodman wrote: »

It seem you are. If you read the message 10 times you will find the answer. Try it.

I DO get that i can use the VISA card where AMEX is not accepted, but the query was why have MBNA changed ....... ?

Fruit_and_Nut_Case

picardygirl wrote: »

I DO get that i can use the VISA card where AMEX is not accepted, but the query was why have MBNA changed ....... ?

MBNA probably make more profit if you use the AmEx card. It's almost certainly a commercial decision on their part. If you find the points useful, go for it!

R34GTT

I recently joined the AA for breakdown cover and thought their Rewards Plus credit card offering 3% cashback on fuel was worth going for, applied and accepted today so it seems MBNA haven't stopped new customers altogether just yet. I hope if and when they do pull out of the UK that this AA cashback rate remains

dazza.mk

R34GTT wrote: »

I recently joined the AA for breakdown cover and thought their Rewards Plus credit card offering 3% cashback on fuel was worth going for, applied and accepted today so it seems MBNA haven't stopped new customers altogether just yet. I hope if and when they do pull out of the UK that this AA cashback rate remains

AA/Virgin etc. are unaffected it is only cards that carry MBNA branding (without any partner branding) that have been pulled.

Rupert_Bear

I had the Sony card issued by MBNA. However they have now replaced it last month with a MBNA AX rewards card. Personally I dont care who buys MBNA as long it is not SAV credit who are more associated with sub prime cards. When SAV bought Citicards my apr went up to 34 percent. I sent their OPUS card back them and closed the account.

PJB

thegoodman wrote: »

It seem you are. If you read the message 10 times you will find the answer. Try it.

Ignore this ..... they clearly work for MBNA, see:

https://forums.moneysavingexpert.com/discussion/comment/47451907#Comment_47451907

As such I have spammed him and would encourage others to do the same!

glowgirl_2

Rupert_Bear wrote: »

I had the Sony card issued by MBNA. However they have now replaced it last month with a MBNA AX rewards card. Personally I dont care who buys MBNA as long it is not SAV credit who are more associated with sub prime cards. When SAV bought Citicards my apr went up to 34 percent. I sent their OPUS card back them and closed the account.

I did the same and now they might buy MBNA - they're following us:D