Applied for 24 month 0% £4000 cc

VSynth

...but after taking 2 weeks to make a decision BarclayCard have sent me a standard card with a £2000 limit and a 6 month at 0% offer which is not much use to me.

I've cut the card up and phoned them to cancel the account.

Is it normal practice for cc companies to set up an account like this without first asking if you accept the offer and wish to go ahead?

Complete waste of everyone's time.

BugsyBrowne

VSynth wrote: »

...but after taking 2 weeks to make a decision BarclayCard have sent me a standard card with a £2000 limit and a 6 month at 0% offer which is not much use to me.

I've cut the card up and phoned them to cancel the account.

Is it normal practice for cc companies to set up an account like this without first asking if you accept the offer and wish to go ahead?

Complete waste of everyone's time.

You need to start reading what you are signing up for before ranting on here!!

fozmcfc

It's happened to me before and it was quite a few years ago.

I applied for a Natwest Gold or Platinum (can't remember what it is now) Visa card and I got sent a standard visa card with a £500 limit, which I did the same as you, just cut it up.

What I should have done and what you can still do, is just ring them up and tell them to close the account.

I never used the card at all and eventually it was cancelled but not for a couple of years.

You don't say if it was a spending card or a balance transfer card, but many people do what you did, but 0% at any amount of months is better than paying APR for those 6 months.

For instance if you owed £1000 and needed a year to pay it off, transferring it for 6 months for 0% is still likely to be better than leaving it accruing interest for 6 months.

CRISPIANNE3

VSynth wrote: »

...but after taking 2 weeks to make a decision BarclayCard have sent me a standard card with a £2000 limit and a 6 month at 0% offer which is not much use to me.

I've cut the card up and phoned them to cancel the account.

Is it normal practice for cc companies to set up an account like this without first asking if you accept the offer and wish to go ahead?

Complete waste of everyone's time.

Annoying I know but I would have taken advantage of the 6 months
deal. Still saving you money.

VSynth

BugsyBrowne wrote: »

You need to start reading what you are signing up for before ranting on here!!

I didn't 'sign up' for anything, I applied for a 24 month interest free card and they set up an account for a completely different type of card.

I've gone and got a similar card from Halifax with the required credit limit and a long interest free period.

r192

Most applications will specify the credit limit and terms like balance transfer or 0 percent on purchases will not be 100confirmed until you received confirmation and the card through the post. It is at there discretion.

Why not just use it for small purchases and pay off in full and then in a few months apply for a different card.

fozmcfc

I didn't read the title properly, but clearly it was a balance transfer card going by the 24 month period applied for.

Still the OP has it sorted, although the Halifax card still won't be for 24 months.

If I was the OP and had no intention of using the Barclaycard, I would still close down the card officially. No real point in having credit open that isn't going to be used. It could led to other lenders declining in the future, says the OP has too much credit available (whether used or not) compared to other debt/income.

Never know a phone call, could even lead to Barclaycard improving the limit/0% period even.