Nationwide Acquisition of Virgin Money...Impacts

Superhoopza

I understand no one knows that actual impact which is why I am interested in the debate below.

Do people think that nationwide acquiring virgin money will make it more difficult to get those middle of the road deals, not quite subprime small limit and small timeframe cards from the likes of Newday, Capital One, Zopa etc but not the very low interest rate long term 0% deals that the high street banks offered? Virgin money, along with Barclaycard and MBNA seemed to sit in the middle of the pack, good length 0% deals but high APR if not cleared in that time.

Do Nationwide sit closer to the high street lender upper echelons of the credit card world and therefore have we lost a player in the middle of the road pack? If so, that's rather disappointing. Interested to hear people's thoughts.

dr_adidas01

Superhoopza said:

I understand no one knows that actual impact which is why I am interested in the debate below.

Do people think that nationwide acquiring virgin money will make it more difficult to get those middle of the road deals, not quite subprime small limit and small timeframe cards from the likes of Newday, Capital One, Zopa etc but not the very low interest rate long term 0% deals that the high street banks offered? Virgin money, along with Barclaycard and MBNA seemed to sit in the middle of the pack, good length 0% deals but high APR if not cleared in that time.

Do Nationwide sit closer to the high street lender upper echelons of the credit card world and therefore have we lost a player in the middle of the road pack? If so, that's rather disappointing. Interested to hear people's thoughts.

You should check out the already long thread in the budgeting and banking section of the forum on this topic of Nationwide buying Virgin money. 

It may answer some of your questions. 

Superhoopza

dr_adidas01 said:

Superhoopza said:

I understand no one knows that actual impact which is why I am interested in the debate below.

Do people think that nationwide acquiring virgin money will make it more difficult to get those middle of the road deals, not quite subprime small limit and small timeframe cards from the likes of Newday, Capital One, Zopa etc but not the very low interest rate long term 0% deals that the high street banks offered? Virgin money, along with Barclaycard and MBNA seemed to sit in the middle of the pack, good length 0% deals but high APR if not cleared in that time.

Do Nationwide sit closer to the high street lender upper echelons of the credit card world and therefore have we lost a player in the middle of the road pack? If so, that's rather disappointing. Interested to hear people's thoughts.

You should check out the already long thread in the budgeting and banking section of the forum on this topic of Nationwide buying Virgin money. 

It may answer some of your questions. 

Ok thank you