We will get this debt down & the savings up

Sun_Addict

Oh no sorry to hear you have an unwanted souvenir of your holiday. I hope you feel better soon and get plenty of rest 🙏

KajiKita

There’s quite a bit of it about atm. Hoping it passes swiftly 🤞

KK

foxgloves

Oh.....bah to that, @Makingabobor2. I had heard that Covid was popping up a bit atm. Sorry to hear that you succumbed & hope you start to feel less poorly very soon.
F x

EssexHebridean

Oh blast - definitely not what you wanted to bring back with you! Hope you're feeling better soon!

FreetodoasIlike

Hope you get better soon. Take care and get plenty of rest.

Makingabobor2

So in January I applied for a credit card, to help rebuild my credit score & also get Nectar points. Used it a handful of times, to pay for grocery shopping & paid off immediately. Last week Sainsburys wrote saying they are reducing my limit to £100 from £1100 and today they write to say they are closijg the account!  I've been on and checked my credit score etc, nothing untoward showing. Just seems very odd

Debsnewbudget

The only thing that I can think of is that you havent let the statement arrive before you paid it off? 

I understand that its paying off the statement that helps your credit history, but I might have made that bit up !!!!

Makingabobor2

Debsnewbudget said:

The only thing that I can think of is that you havent let the statement arrive before you paid it off? 

I understand that its paying off the statement that helps your credit history, but I might have made that bit up !!!!

Aah, it could be that then. I did have a tendency to pay it before the statement, as I was determined to not forget and hated the thought of being in debt. Bit mean of them though really....lol   They've given me 2 months notice with the £100 credit limit before they close it. Maybe if I use it and leave it till the statement date, they'll change their mind.

foxgloves

That's odd, @Makingabobor2 - I have often paid off all the transactions by the time my credit card statement arrives.....not always, there is sometimes something on there which I've left to pay on Big Budget Day, so that it comes out of the new month's budget instead of the current month....but mostly I too pay off in dribs & drabs as I go along. I haven't paid my card provider any interest whatsoever, as as far as I'm concerned, that part of my life (Mrs Spendy!) is well & truly over. Do you think there might have been something in the 'rules' for opening it that you needed to spend a certain amount on the card within a time-frame? Though I'm sure that could only be likely if there was some big freebie to get people to sign up.....a big free wodge of initial nectar points or something like that. I find it odd that they knocked £1k off your credit limit first, then decided you couldn't have the card at all. If this happened to me, I would definitely enquire as to the reason. 
F

Makingabobor2

foxgloves said:

That's odd, @Makingabobor2 - I have often paid off all the transactions by the time my credit card statement arrives.....not always, there is sometimes something on there which I've left to pay on Big Budget Day, so that it comes out of the new month's budget instead of the current month....but mostly I too pay off in dribs & drabs as I go along. I haven't paid my card provider any interest whatsoever, as as far as I'm concerned, that part of my life (Mrs Spendy!) is well & truly over. Do you think there might have been something in the 'rules' for opening it that you needed to spend a certain amount on the card within a time-frame? Though I'm sure that could only be likely if there was some big freebie to get people to sign up.....a big free wodge of initial nectar points or something like that. I find it odd that they knocked £1k off your credit limit first, then decided you couldn't have the card at all. If this happened to me, I would definitely enquire as to the reason. 
F

@foxgloves TBH. There was no incentive to apply, I only went for that one as it said it was one I was most likely to get approved for and it had Nectar points. I might give them a ring now actually and I'll update here with their response