MBNA to exit UK market

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MBNA to exit UK market

Postby planteria » Tue Aug 16, 2011 8:19 pm

sad news for Chester, and sad news for those of us that have been 'working with' MBNA for many years. i currently have 32.5k of their cash.

http://mediaroom.bankofamerica.com/phoe ... highlight=
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Re: MBNA to exit UK market

Postby planteria » Tue Aug 16, 2011 8:20 pm

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Re: MBNA to exit UK market

Postby Constantine » Wed Aug 17, 2011 12:02 pm

I'm not sure the headline is quite right.

MBNA (Maryland Bank something or other) was bought by Bank of America a few years back. MBNA USA has now become Bank of America Card Services but Bank of America has now decided to sell off other chunks of MBNA. I think MBNA Canada has already been sold, and they are looking for a buyer for MBNA Europe. This doesn't mean to say that MBNA Is going to 'exit the UK market', it just means to say that someone else will probably end up owning it, and depending on who it is they might decided to change some things.

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Re: MBNA to exit UK market

Postby planteria » Wed Aug 17, 2011 7:31 pm

you have a point Constantine....Bank of America looking to exit the UK card market?

unfortunately, i dont think there are any likely acquirers that are likely to offer deals similar to those from BOA-backed MBNA
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Re: MBNA to exit UK market

Postby Eurovisionfan » Thu Aug 18, 2011 8:08 am

That's a shame. With Egg going to Barclaycard, it means the better offers will be limited to American Express, which lots of retailers don't accept. Funny that they're promoting a new cashback card giving over 1% on grocery/petrol shopping at the moment if they're about to leave the UK.
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Re: MBNA to exit UK market

Postby planteria » Thu Aug 18, 2011 10:28 am

as above, they're not about to
but any change to MBNAs approach will affect any serious stoozing strategy
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Re: MBNA to exit UK market

Postby planteria » Sat Oct 01, 2011 8:19 am

not looking good, with all MBNA-branded cards no longer on offer:
http://www.mbna.co.uk/choose-credit-card/index.html

:geek: :crazy: :-? :cry:
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Re: MBNA to exit UK market

Postby planteria » Mon Oct 31, 2011 12:35 am

anyone know whether MBNA are still offering repeats :?:

i have a Platinum card with a large BT on it, and also an unused VirginMoney card with just a £200 limit. perhaps i ought to just close that to tidy up my credit file.
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Re: MBNA to exit UK market

Postby myfyr » Mon Oct 31, 2011 5:56 am

planteria wrote:anyone know whether MBNA are still offering repeats :?:

i have a Platinum card with a large BT on it, and also an unused VirginMoney card with just a £200 limit. perhaps i ought to just close that to tidy up my credit file.


Given they are exiting the market, I very much doubt it.
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Re: MBNA to exit UK market

Postby planteria » Mon Oct 31, 2011 7:28 am

it's not quite as simple as that though - it sounds as though virgin cardholders are being offered deals, but less flexibility than they were
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