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Natwest Credit card closed
TH3_ALCH3M1ST
Posts: 2 Newbie
in Credit cards
I upped my NatWest credit card payments via pay down plan. Then was told my credit card would be closed even though I haven't missed any payments and was doing what was asked to comply with the 'persistent debt' rule. I thought banks had been told by the FCA not to close accounts for people increasing their payments. Can anything be done to reopen my account now?
0
Comments
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Nope. They see you as a risk and are reducing their liabilities. Given you clearly have a balance on there, using it to spend should never have been in your thinking anyway.2
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If your salary and credit rating warrants it - there is nothing stopping you trying another card lender.
Only you know the state of your financial affairs - it may not be a good idea if you have been in persistent debt with Nat West.0
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