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Post Office Credit Card

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  • SandtreeSandtree Forumite
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    gt94sss2 said:
    The Post Office branded cards were issued by the Bank of Ireland UK who own the customers and who are withdrawing from the UK CC market.
    BoI have arranged for Jaja to issue them - and their are some very big firms backing Jaja so I wouldn't worry about the switch.
    I haven't seen anything about a Part VII transfer under FSMA for the products to transfer from BoIUK to Jaja and certainly the timescales wouldn't allow for one (typically taking a year or more).

    I am guessing Jaja must have bought out BoIUK's entity that issued the cards instead?
  • MalkytheheedMalkytheheed Forumite
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    You can find out more about https://jaja.co.uk/ here.

    Mobile app based credit provider, still in start up, however, getting bigger.

    I've been on their waiting list two years and so far nothing. Can't comment on their efficiency yet then.

    https://jaja.co.uk/all-stories/an-update-on-progress/
    Can I ask why you are on their waiting list? I just looked at their credit card offering and, well, apart from a pretty website the credit card seems to offer nothing. No cashback, no points, no 0%. nothing. It's just a bog standard credit card. 
  • gt94sss2gt94sss2 Forumite
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    Sandtree said:
    gt94sss2 said:
    The Post Office branded cards were issued by the Bank of Ireland UK who own the customers and who are withdrawing from the UK CC market.
    BoI have arranged for Jaja to issue them - and their are some very big firms backing Jaja so I wouldn't worry about the switch.
    I haven't seen anything about a Part VII transfer under FSMA for the products to transfer from BoIUK to Jaja and certainly the timescales wouldn't allow for one (typically taking a year or more).

    I am guessing Jaja must have bought out BoIUK's entity that issued the cards instead?
    https://investorrelations.bankofireland.com/app/uploads/Credit-cards-RNS-28.06.19.pdf

    https://jaja.co.uk/all-stories/jaja-boi-announcement/

  • SandtreeSandtree Forumite
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    Thanks for both of those but it still suggests that they have bought simply the contracts which to my (limited) understanding would mean a Part VII transfer under FSMA would be required... as I recently had notification of on one of my other credit cards.
  • badger09badger09 Forumite
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    Will they charge for use abroad? Post office didn’t, I have looked but couldn’t find anything.  I will be downloading the whole email for my records and go through it.
    Per email, no change to T&Csapothekede said:
    Does anyone know approx. when we will receive the new card? Ist it in September? August? Can anyone guess wehn they will be issuing them?
    I am asking as I am going away for a very long holiday and I do not want them to send the card when I am not home or nobody is there.
    Thanks for your help, whoever can!
    Email says "This move will happen on or after 12th September 2020. Once it does, Jaja will be come your new CC provider and your Mastercard CC will be be replaced by a new Jaja Visa CC"

    So any time after 12th September.
    Make sure you take another fee free CC ;)
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