Saturday, Jul 29, 2006

Better late than never

Guardian Unlimited: Card limits 'to cut overspenders'

MBNA is changing its terms and conditions so that it can now refuse to authorise a transaction if it thinks a customer is "spending beyond their means", even if they have not exceeded their credit limit. Barclaycard, is introducing a similar new clause.

Posted by uncle chris @ 09:14 AM (2770 views)
Add Comment
Report Article

4 Comments

1. Geneer said...

How kind of them to show such concern. Of course dept woes are nothing to do with them upping the credit limits on cards.
They are pre-empting the the coming PR disaster. Greedy b*stards.

Saturday, July 29, 2006 11:44AM Report Comment
 

2. Delboypass said...

Why dont they just lower the card limits?? seems like a much easier solution!

Saturday, July 29, 2006 07:42PM Report Comment
 

3. bidin'matime said...

But this is really very good news. A pincer movement between the credit cards and the mortgage lenders will hasten the collapse.

Saturday, July 29, 2006 11:13PM Report Comment
 

4. Paolo88888 said...

So I go on a shopping trip and then head to the supermarket to restock the freezer. Just before I get to the checkout, someone in the control room decides I've had enough. I think this is a bit bad because if I'm within the credit-limit I am doing nothing wrong. Its a source of unreliability with cards rather like Chip-and-PIN - sometimes the phone-lines or computers are overloaded and the card is declined. It means that you need to have cash with you a a backup. I'd prefer it if they reduced the credit limits.

Sunday, July 30, 2006 12:27PM Report Comment
 

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies