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Credit Cards

Discussion in 'Lounge' started by PerryL, Sep 24, 2020.

  1. This could well be me being miserable s0d and is nothing to do with Ducatis -or even bikes! So feel free to move on...

    I have just changed banks to Lloyds - mainly |(well, solely) because they have 3 branches within cycling distance (when I can cycle). This is using the switching service from HSBC.

    One credit card said, "Impossible, as we can't move the DD to your new bank!" So, I said, "Fine Close the account then as I don't need it". Another said, "We are closing your account because we don't think you can afford it anymore". "Fine", was the reply. "Don't let me stand in your way, Oh and get stuffed!" My new bank has just written to me to say that the DD has been successfully transferred and the credit card company has confirmed, saying, "Is this really you?". The other company wrote to me and said that they have got it wrong and the card really is fine (although it's too late as I've already destroyed it and closed the account - which they don't seem to have noticed).

    I don't get why credit card companies think that they hold all the cards when, in fact, they hold none.

    No doubt, tomorrow, I will get the usual letter giving me that once in a lifetime (as in every week) chance to apply for their credit card at about forty times the base rate - but they hold all of the cards...
     
  2. Agree with you. Just a few years back I applied for a Barclaycard. Purely for booking rental cars for holidays (they want a credit card not a visa type card). Been with Barclays for nearly fifty years and at the time had a substantial amount of money spread between three of their accounts. No. You cant have a card. Oh, OK. Some money in Lloyds, no problem for them to give me a card. Sorted.
    Several months later Barclaycard arrives in the post. Wtf? And fek em. Cut the card up.
    Best bit, Barclays had been sending me letters at the rate of 2-3 per year offering pre approved loans up to 20k. Idiots.

    Thing is, they like to know you have debt. Have debt? Have some more sir. Credit history I suppose, but you would think Barclays could do joined up thinking by looking at the funds held by a customer.

    As an aside, I am now waiting for Barclays to write to me to say I need to close my accounts soon. As I no longer live in the UK.https://www.politico.eu/article/bri...counts-over-lack-of-post-brexit-rules-report/

    Not sure if they will take a blanket approach, or just certain account types such as credit cards.
     
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  3. They, like the banks all think they do.
    But if a boycott of a bank or CC company could be organised they'd soon realise who needed who.

    I've been thinking of getting a credit card recently, we've not had one for about 20yrs.
    We don't have a mortgage any more, and also don't have any loans etc.
    We are not well off, and both still work, but used to have a great credit rating, which is slowly diminishing because there is nothing to measure us on.

    I mentioned it to our Financial controller at work, and he's advised that if we do need credit at some point, maybe to help one of our lads with a house or something, the fact that we've been solvent for years and not needed credit will severely effect our ability to get credit rather than the other way round. Which is also mad.

    So I'll be getting a credit card to pay for stuff online, which is safer anyway than using my debit card, and paying it off before I pay any interest just to get our credit rating back on track.
    Apparently paying for stuff monthly like Bike or Car insurance also helps, so will also have to look at that as it's less effort than maintaining a credit card without paying interest.

    Nasher.
     
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  4. Just pop into the local branch and have a chat to the manager?
    [​IMG]
     
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  5. I buy quite a bit of rubbish from mail-order companies, like Amazon. I could use my debit card but I do use a credit card for the protection you get from faulty or non-delivery of goods - not that I've ever had any problems.
     
  6. Yep, that's where we've been Stupid, and probably very lucky, over the years.

    Nasher.
     
  7. Not had a credit card for about 30 years, never felt the need for one.
     
  8. I understand you still have protection if you use a debit card too.
     
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  9. Amazon are the best ever on-line retailer.
    Service is amazing.
    Over the last year they must have refunded over £1000 worth of gear that arrived damaged or broken.
     
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  10. Agreed. We ordered 4 Christmas presents for the grandchildren late yesterday. They'll all be delivered by 4pm today.

    My only gripe with them is the tax issue.
     
  11. I see them as a shit retailer, if just one customer has received over a grands worth of damaged goods.
     
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  12. Just a few % doesn't phase me as if I complain they just send me another one.
     
  13. And sell the damaged one on ebay :thinkingface::D
     
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  14. Do you? Is that right? Got any references? Not saying you are wrong, but would just like to stick with my debit card!
     
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  15. I must admit they did refund an expensive mirror, that was broken upon delivery.
    Just took the frame locally and replaced the glass for £70...... but I did make a charitable donation to keep my conscience clear...:innocent:
     
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  16. Charity begins in the local boozer :D
     
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  17. That's what he meant :bucktooth:
     
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  18. I use a Tesco clubcard credit card for pretty much everything and have a direct debit to pay it off in full every month.

    Most things I buy are online so having the card as my default paypal, amazon and google pay source of funds makes it really quick to pay without having to type it in every time and protects against online fraud as i’m not exposing bank details direct and only rarely entering credit cards in manually.

    I get the basic free period where my money stays in the bank and earns an admittedly tiny amount of interest each month. I also get the protection a credit card offers by default.

    And as a final bonus I earn Tesco Clubcard points on everything I spend - the deals aren’t as good as they used to be but can pay for meals, magazine subscriptions, hotel stays - all free just by doing things this way.

    There are plenty of other rewards cards out there and it’s no effort to use them in this way.
     
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  19. All that data is being collected....
    'If you are not paying for it, you're not the customer; you're the product being sold'
     
Do Not Sell My Personal Information