Sprinkler Systems
Uhaul move
Lawn care
Roses and trees
Ford Parts
Chrysler Parts
Lake Powell
New IPod Touch Apps
New IPhone Apps
IPhone Apps
IPad Information
IPad Apps
Android APPS
Android Games APPS
Android Systems
Android Tablets APPS and Beyond
Smartphone Apps
Smartphone Games Apps Repair and Tools
Tablet PC
Car Sharing Car Leasing
Tabler Pc
Fly Fishing
Toyota Cars
Vacation Rentals
Stock market
NYSE
SSE Stock
Freight & Shipping News
Gluten
Lactose
Gout
My Coupon Life
Campgrounds Check
Outdoor
Kitchen Design and Redoo
Bath Remodeling
Palm Springs
Las Vegas Vacation Tipps
Lake Powell Boating
Homes for lease
|
Finances / Finanzen » uk.finance » Credit card issuers now cancelling cards if you don't use them.....
| Credit card issuers now cancelling cards if you don't use them..... [message #380248] |
Mo, 17 April 2006 12:07 |
|
......in the last two months, I've had two letters, one from Co-op Bank and
the other from M&S Financial Services to say that because I haven't used my
cards with them for "some time", they are going to cancel the card at the
date of renewal, unless I ring them up to say I still want it, or if I use
the card in between now and then. This seems to be a new policy, as I've
had other cards for years which have not been used for ages, and they've
just been renewed automatically with no fuss. What about those people who
only use credit cards as a last resort normally to get them out of a fix, or
only use them when they go on holiday overseas, which can be rare for some
people - not even once a year.
|
|
|
| Re: Credit card issuers now cancelling cards if you don't use them..... [message #380255 ] |
Mo, 17 April 2006 13:01 |
|
"Wodger" wrote
> .....in the last two months, I've had two letters, one from Co-op Bank
> and the other from M&S Financial Services to say that because I
> haven't used my cards with them for "some time", they are going
> to cancel the card at the date of renewal, unless I ring them up to
> say I still want it, or if I use the card in between now and then.
Sounds fair enough. [I've had the same.]
"Wodger" wrote
> This seems to be a new policy, as I've had other cards
> for years which have not been used for ages, and
> they've just been renewed automatically with no fuss.
Agreed.
"Wodger" wrote
> What about those people who only use credit cards
> as a last resort normally to get them out of a fix, or
> only use them when they go on holiday overseas, which
> can be rare for some people - not even once a year.
That's why they say: "...unless I ring them up to say I still want it,
or...".
The type of people you just mentioned can just give them a
quick call - much easier & quicker than applying for a new card!
|
|
|
| Re: Credit card issuers now cancelling cards if you don't use them..... [message #380258 ] |
Mo, 17 April 2006 13:18 |
|
Wodger wrote:
> .....in the last two months, I've had two letters, one from Co-op Bank and
> the other from M&S Financial Services to say that because I haven't used my
> cards with them for "some time", they are going to cancel the card at the
> date of renewal, unless I ring them up to say I still want it, or if I use
> the card in between now and then. This seems to be a new policy, as I've
> had other cards for years which have not been used for ages, and they've
> just been renewed automatically with no fuss. What about those people who
> only use credit cards as a last resort normally to get them out of a fix, or
> only use them when they go on holiday overseas, which can be rare for some
> people - not even once a year.
>
>
The last time I looked at the terms and conditions for the Co-op
Bank's "free for life" Visa card it stated that the card had to be
used for at least 10 transactions per year.
[Separately, I have a dormant Royal Bank of Scotland current
account where they keep writing every year asking if I want to
maintain the account. The letters state "to protect customers, we
always review accounts that have not been used for a period of
time, in line with guidelines from the British Bankers
Association".]
--
Alan Law
|
|
|
| Re: Credit card issuers now cancelling cards if you don't use them..... [message #380293 ] |
Mo, 17 April 2006 20:29 |
|
On Mon, 17 Apr 2006 12:18:26 +0100, Alan Law <nospam [at] invalid.com>
wrote:
>Wodger wrote:
>> .....in the last two months, I've had two letters, one from Co-op Bank and
>> the other from M&S Financial Services to say that because I haven't used my
>> cards with them for "some time", they are going to cancel the card at the
>> date of renewal, unless I ring them up to say I still want it, or if I use
>> the card in between now and then. This seems to be a new policy, as I've
>> had other cards for years which have not been used for ages, and they've
>> just been renewed automatically with no fuss. What about those people who
>> only use credit cards as a last resort normally to get them out of a fix, or
>> only use them when they go on holiday overseas, which can be rare for some
>> people - not even once a year.
>>
>>
>
>The last time I looked at the terms and conditions for the Co-op
>Bank's "free for life" Visa card it stated that the card had to be
>used for at least 10 transactions per year.
>
10 packets of chewing gum?
>[Separately, I have a dormant Royal Bank of Scotland current
>account where they keep writing every year asking if I want to
>maintain the account. The letters state "to protect customers, we
>always review accounts that have not been used for a period of
>time, in line with guidelines from the British Bankers
>Association".]
--
Get money off vouchers for everything
http://www.moneyoffvouchers.co.uk
|
|
|
| Re: Credit card issuers now cancelling cards if you don't use them..... [message #380299 ] |
Mo, 17 April 2006 20:39 |
|
Wodger wrote:
> .....in the last two months, I've had two letters, one from Co-op Bank and
> the other from M&S Financial Services to say that because I haven't used
> my cards with them for "some time", they are going to cancel the card at
> the date of renewal, unless I ring them up to say I still want it, or if I
> use
> the card in between now and then. This seems to be a new policy, as I've
> had other cards for years which have not been used for ages, and they've
> just been renewed automatically with no fuss. What about those people who
> only use credit cards as a last resort normally to get them out of a fix,
> or only use them when they go on holiday overseas, which can be rare for
> some people - not even once a year.
Natwest and Lloyds did it when Chip and Pin first came out, so it isn't that
new.
|
|
|
| Re: Credit card issuers now cancelling cards if you don't use them..... [message #380304 ] |
Mo, 17 April 2006 20:48 |
|
"Wodger" <gu47otu [at] hotmail.com> wrote in message
news:DNJ0g.56071$g76.24316 [at] newsfe2-gui.ntli.net...
> .....in the last two months, I've had two letters, one from Co-op Bank and
> the other from M&S Financial Services to say that because I haven't used
> my cards with them for "some time", they are going to cancel the card at
> the date of renewal, unless I ring them up to say I still want it,
Great, I wish they'd do this for me. It took three
annual attempts to cancel my M&S card.
> or if I use the card in between now and then. This seems to be a new
> policy, as I've had other cards for years which have not been used for
> ages, and they've just been renewed automatically with no fuss. What
> about those people who only use credit cards as a last resort normally to
> get them out of a fix, or only use them when they go on holiday overseas,
> which can be rare for some people - not even once a year.
They will almost certainly have forgotten the pin.
I have an 'emergency' card in my wallet. It is now
useless.
tim
|
|
|
| Re: Credit card issuers now cancelling cards if you don't use them..... [message #380311 ] |
Mo, 17 April 2006 22:37 |
|
In uk.finance, tim (back at home) wrote:
>"Wodger" <gu47otu [at] hotmail.com> wrote in message
>news:DNJ0g.56071$g76.24316 [at] newsfe2-gui.ntli.net...
>>What
>> about those people who only use credit cards as a last resort normally to
>> get them out of a fix, or only use them when they go on holiday overseas,
>> which can be rare for some people - not even once a year.
>
>They will almost certainly have forgotten the pin.
>
>I have an 'emergency' card in my wallet. It is now
>useless.
I have a solution to that problem. All my PINs are related to the card
number by a simple process. An example of a method (actually nothing
like the one I use, but good for illustration) is making the PIN the
same as digits 2, 7, 5, and 4 of the card number. When I get a new card
I work out the 4-digit number using that method, and change the card's
PIN at the first opportunity. The method is the same for every card, but
of course all the numbers are different.
My memory of the "method" is drummed into my memory by simple
observation of the cards I use frequently. Then for any card, no matter
how old or seldom used, I can work out the PIN from the information
printed on the card, with no trouble at all.
It works for me, anyway.
--
Mike Barnes
|
|
|
| Re: Credit card issuers now cancelling cards if you don't use them..... [message #382731 ] |
Di, 18 April 2006 10:54 |
|
On Mon, 17 Apr 2006 10:07:31 GMT, "Wodger" <gu47otu [at] hotmail.com>
wrote:
>.....in the last two months, I've had two letters, one from Co-op Bank and
>the other from M&S Financial Services to say that because I haven't used my
>cards with them for "some time", they are going to cancel the card at the
>date of renewal, unless I ring them up to say I still want it, or if I use
>the card in between now and then. This seems to be a new policy, as I've
>had other cards for years which have not been used for ages, and they've
>just been renewed automatically with no fuss.
That's nothing new. I know from experience that some credit card
companies have been doing that for at least the last thirty years.
>What about those people who
>only use credit cards as a last resort normally to get them out of a fix, or
>only use them when they go on holiday overseas, which can be rare for some
>people - not even once a year.
Then they should use them a few times a year just to keep the account
alive. If you don't use a card for a year or so and then suddenly try
to use it abroad, chances are they'll have problems getting it
accepted anyway because the credit card company might suspect it's
being used fraudulently.
Chris
|
|
|
Gehe zu:
aktuelle Zeit: Mo Mai 21 22:38:24 CEST 2012
Insgesamt benötigte Zeit, um die Seite zu erzeugen: 0,02543 Sekunden |
