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Argos card sold to New Day
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matthewdickinson
Posts: 4 Newbie
in Credit cards
The Argos store card has been sold to New Day. No changes at the moment apparently. I think this is the last store card remaining not connected to Mastercard or Visa.
hxxp://help.argos.co.uk/letter
hxxp://help.argos.co.uk/letter
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I was astonised to read that 20% of all sales at Argos are via Argos credit, I didn't think it would be so high! Is this a high street legacy thing? Did they used to lend when others didn't? The £720 million price tag New Day have paid shows it must be quite a sizeable and quite profitable portfolio. That is just shy of the price Coventry Building Society are paying to buy the Co-op Bank with £40bn of assets and 2 million customers, but then that's about the same number as Argos credit has as customers.0
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Received this email about my Argos card today it says there will be no immediate changes.Time is a path from the past to the future and back again. The present is the crossroads of both. :cool:0
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