TSB Credit card - we're closing your account in Feb

simonsmithsays
simonsmithsays Posts: 433 Forumite
100 Posts First Anniversary Name Dropper
edited 23 December 2024 at 5:04PM in Credit cards
Anyone else had a letter saying this, that due to lack of activity, they're closing your account?

The weird thing is they had a promotion where you had to use the card X times for a £10 high street voucher.

I did this at the end of November.  Still awaiting the voucher (I paid off the credit card almost within days) which was due to be paid in January 2025.

And yet still got this letter.

Bit weird

Comments

  • Brie
    Brie Posts: 14,059 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Not a TSB customer in any sense but it shows online as still advertising for new customers. 

    Maybe it's you?  Or maybe it's your type of card??  
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  • Yes, got letter today.
  • GrumpyDil
    GrumpyDil Posts: 1,965 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Combo Breaker
    They do tend to close cards if not being regularly used.

    OP you might have been better off letting a statement get generated rather than paying it immediately.
  • molerat
    molerat Posts: 34,233 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I had best use it then, last time was August.  Was there a message in the on line in box or was the letter the only notice ?
  • molerat said:
    I had best use it then, last time was August.  Was there a message in the on line in box or was the letter the only notice ?
    The letter was the first and only notification 
  • EarthBoy
    EarthBoy Posts: 3,174 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I've had the same letter.  It wasn't a surprise because I haven't used the card for at least two years. 
  • As a customer you have to understand even if you do not use the card there is still a liability to the bank -  as they have to have their own funds to meet any spending you may do on it. By closing unused accounts they are conducting a tidy up scheme for their books.

    Do not take it personally - just open a new account elsewhere - especially if you are financially induced to do so - Merry Xmas.
  • COIAHLGW
    COIAHLGW Posts: 138 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    My mum received a closure letter as well (which is surprising due to how the post is so shocking there!) as another data point that there may be a fair few customers affected.
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