lloydstsb credit card sale?

[The Tech Clerk]

Re: lloydstsb credit card sale?

HSBC did the same from Midland cards, originally they issued 2 cards 1 for each Mastercard the 1 for visa, cannot remember any agreement issued then??

[CleverClogs (RIP)]

Re: lloydstsb credit card sale?

As there may have been some differences in acceptability of the two cards, one might suppose that a change from Mastercard to Visa would constitute a material change in the nature of the agreement.

Even if it did not, section 85 of the Consumer Credit Act 1974 (as amended, meddled with and weakened) - link - seems to say that, when a new card other than the first is issued, the creditor must include a copy of the executed agreement and any documents referred to in that agreement. It goes on to say that, if this is not done, the agreement becomes unenforceable until/unless the creditor does comply with that requirement.

[oscar]

Re: lloydstsb credit card sale?

I don't think MasterCard to Visa or vice versa makes any difference - that's just a processor. Natwest used to issue two cards (Visa/MasterCard) on the same account using the argument back then that some retailers only accepted one, but not the other.

[CleverClogs (RIP)]

Re: lloydstsb credit card sale?

I don't think MasterCard to Visa or vice versa makes any difference - that's just a processor. Natwest used to issue two cards (Visa/MasterCard) on the same account using the argument back then that some retailers only accepted one, but not the other.

You have just confirmed the point I was making - that some stores did not accept both Mastercard and Visa.

[The Tech Clerk]

Re: lloydstsb credit card sale?

Midland use to as well both Visa & mastercard

[julian]

Re: lloydstsb credit card sale?

So swimming along in custard. Change of financial institution, change of processor, change of creditor. No agreement, no communication for years. What larks!