wyliecoyoteuk wrote:Just to add to this, it can be surprisingly difficult to cancel some of these accounts.
I have (or think I have) several credit card accounts that I opened because there was a freebee or shop discount at the time, and I have never used since, and I never hear from them (Hello "New Look"!). Perhaps I ought to try cancelling them.
wyliecoyoteuk wrote:Just to add to this, it can be surprisingly difficult to cancel some of these accounts?
HSBC require you to visit a branch in person,
HSBC threatened to cancel my card because I hadn't used it in 4 years, so I said "yes please", and they still didn't!
Barclaycard told me they had cancelled it and kept sending me statements, then sent me a new card!
Banks seem to employ their brightest people in marketing and in constantly searching for new, cheaper premises to move to. The ones that read your letters or emails are the monkeys.
My elderly mother moved into a home and I helped her to write a letter to Barclays to tell them the new address. After about 6-8 months I realised her bank card had been expired for three months (she never uses it) and she had not received a new one. When I pursued this, Barclays told me that a visit to the bank was required to change address. You would think that they would have replied to her letter to say so at the time. And worst of all it emerged that, having presumably binned her letter, they had continued to send stuff to the old address including the new card and its PIN number!!!
I took Power of Attorney over her accounts about then and the first thing was to close the account with Barclays.