Capital One axing cashback for some, cuts cashback rates for others

molerat

SuiDreams wrote: »

Its the £10 for the lost of the travel insurance on the old world mastercard (the no fee version), think it usually pays out December/January. Did think about keeping it and spending £1 a month on it to keep it active if we still got the £10 back, if not it will definitely be cancelled

SuiDreams wrote: »

Going to miss the free equifax monitoring and credit reports as well.

Probably worth keeping open just for this.

Vortigern

SuiDreams wrote: »

Going to miss the free equifax monitoring and credit reports as well.

Have they said they are withdrawing that service? Or are you cancelling your card?

Still no letter for me. (World MC, 1%+£10, no fee) - spoke too soon

ETA:Letter received 20/04/15 no more cashback for me

SuiDreams

Vortigern wrote: »

Have they said they are withdrawing that service? Or are you cancelling your card?

Still no letter for me. (World MC, 1%+£10, no fee)

I was going to cancel, but after reading molerats post above I may keep it open just to keep the equifax, as it looks like we have lost the £10 back a year as well. (going to ask Capital one to confirm that though).

Will ask them to reduce the limit at the end of June though, so I can get additional cards, to cover my lost cashback

lisyloo

Going to miss the free equifax monitoring and credit reports as well.

I've cancelled cap one card and still got access to equifax (since 2008), so it keeps renewing.
Someone else confirmed also so more than one anecdote.
Personally I woudln't keep it for the equivalent of 2 statutory reports (£4).

SuiDreams

lisyloo wrote: »

I've cancelled cap one card and still got access to equifax (since 2008), so it keeps renewing.
Someone else confirmed also so more than one anecdote.
Personally I woudln't keep it for the equivalent of 2 statutory reports (£4).

Its the monitoring and alerts as well as the credit reports. The monitoring is quite useful.

andymc4232

I have has my letter for my Luma creditcard, no more cashback.. goodbye Luma

r2015

I got my letter today, no more cashback and £10 bonus.


Now to try and persuade Nationwide to up my credit limit from £2000, as usually my holidays are about £4000 a time.

Or I could use my wife's Tesco card, it has a limit of £4500.

lisyloo

Its the monitoring and alerts as well as the credit reports. The monitoring is quite useful.

Not trying to persuade you of anthing - if you want to keep it then keep it, but noddle is entirely free and gives you a new credit report every month (call credit not equifax).

simax

r2015 wrote: »

I got my letter today, no more cashback and £10 bonus.


Now to try and persuade Nationwide to up my credit limit from £2000, as usually my holidays are about £4000 a time.

Or I could use my wife's Tesco card, it has a limit of £4500.

I sent them a private message the other day and they've told me the cashback and £10 annual bonus is staying on my card?

ratechaser

Well, no letter for me yet, amongst the piles of junk on my doormat when I got home. Will be interesting to see if there is any selective retention for certain customers, although I think that's clutching at straws - I cost them a small fortune last year and I'm sure they will be glad to see the back of me ��