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Is there any value in being loyal to one bank?

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Comments

  • iAMaLONDONER
    iAMaLONDONER Posts: 1,669 Forumite
    I think you are confusing loyalty with their marketing and credit scoring systems.
    You would have had the card whether you had the account for months or years because of what info they get from the CRA's.

    I'm sure my account conduct (& high balance) with them influenced their decision and credit limit.

    Also I did say 'loyalty' as I needed a 123 Current account to get the 1st year's fee waived
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I'm sure my account conduct (& high balance) with them influenced their decision and credit limit.

    Also I did say 'loyalty' as I needed a 123 Current account to get the 1st year's fee waived
    We will have to agree to disagree. Depending on your credit score you would have had the same products whether you had the account 6 days,6 months, 6 years etc.
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