Aqua Reward Credit Card - 3% cashback up to £100/year

Blue_Max

Uplink wrote: »

What did you expect him to say? They have no instructions on the matter, and all they can say is something that matches the terms and conditions.

Maybe cancelling the cards didn't cross their minds, but with enough people asking for it, they may as well do it :eek:

I did not ask them to cancell the cards!
Can't see why anyone would do that!

Blue_Max

Herbalus wrote: »

People are talking almost as if they want Aqua to cancel the card. I bet it's just jealousy from those who didn't get a card before they stopped accepting new applicants!!!

Aqua is not offering the Reward card to new applicants. If they cancel the Reward Card it would obviously affect those who already have a Reward Card.

Herbalus

Blue_Max wrote: »

Aqua is not offering the Reward card to new applicants.

That is what I said.

Blue_Max

Debit and credit card users could face charges under EU plans expected to be outlined later this month.
It is feared consumers could have to pay a minimum of £25 a year to use a credit card and £11 a year for a debit card, according to a report from Europe Economics with Mastercard.
Customers could also be charged for using cash machines.

Uplink

Blue_Max wrote: »

Debit and credit card users could face charges under EU plans expected to be outlined later this month.
It is feared consumers could have to pay a minimum of £25 a year to use a credit card and £11 a year for a debit card, according to a report from Europe Economics with Mastercard.
Customers could also be charged for using cash machines.

Citation

So... the EU wants to cut fees. That is all. The end of free banking is just a side effect (if the banking industry decides it's in their interest to go ahead with it, that is). I love these headlines

Edit:

I imagined how the end of free banking might go:

Option 1: All banks introduce fees at the same time. The problem with this scenario is that they may fall on the wrong side of some competition law, on basis of collusion or cartel issues. Some financial authority will have to authorise this if it were to happen.

Option 2: Banks gradually introduce fees, and customers flee to banks that are still free. Whoever starts the fee wave stands to lose the most, and whoever is last wins the most - with all those customers coming their way.

So what the banks can really do is go to Cameron an beat him until he gets an opt-out from the EU on these regulations as well, because otherwise it's a lose-lose situation.

Blue_Max

The decisions by banking industry would be to cut their losses and maximise their profits.
Richard Wagner, chief executive of Advanced Payment Solutions said there was 'no doubt' the losses will be passed on the customer.
This is why customers could have to pay a minimum of £25 a year to use a credit card and £11 a year for a debit card.
Customers lost out when similar changes to interchange fees were introduced in Australia in 2003 and Spain in 2005.

One can dream on and hope for miracle options!
But THE END IS NIGH for free banking. And that include credit cards of any description.

lisyloo

I don't understand the point in constant speculation/worrying.

I don't spend my whole life tied up in knots, but I do have another card at 1%, so I would like to see what happens so that I can get the best cashback rate available to me.
I agree the constant speculation is bothersome, but it's certainly in my interests to confirm it and therefore would like to keep on top of what happens in year 2 if it's ok with you :-)

Iand1

lisyloo wrote: »

I don't spend my whole life tied up in knots, but I do have another card at 1%, so I would like to see what happens so that I can get the best cashback rate available to me.
I agree the constant speculation is bothersome, but it's certainly in my interests to confirm it and therefore would like to keep on top of what happens in year 2 if it's ok with you :-)

Next statement due on 27th July, once received, I will let you know about the cash back and that it is tracking for the 2nd year.

lisyloo

Thanks, I'm sure a lot of folk will appreciate that.

luci

lisyloo wrote: »

No - I'm waiting for one of you to say you have cashback printed on your 1st statement of year 2.

(I know they can't withdraw it without notice but it would be nice to have it confirmed that it's acruiing).

Our recent statements clearly stated £100 cashback on them. I always shred statement once I've checked them if I don't need them as proof of payment so can't check anything further.

There were also Annual Statements with the monthly one which I have kept and they don't mention cashback.

The anniversary dates are 06.07.13 and 11.07.13.

I expect the cashback to be paid on the next statement.