Saga scraps its credit card, leaving customers in the lurch | Money | The Guardian
Spiteful EU controlled bank no doubt.
We young at heart types will take our debt elsewhere...
The Saga platinum credit card has long been a popular choice among people who travel abroad because it doesn’t charge currency conversion fees. Other benefits include up to 55 days of interest-free cash withdrawals, discounts on Saga holidays and cruises, and a low-ish typical interest rate of 11.9% APR.
But now the card is being shut down, which means customers have just two months to clear their debts and find another card provider – though they may struggle to find a comparable deal. It is understood Saga started writing to customers in mid-January, and everyone affected should have received a letter.
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The card is operated on Saga’s behalf by Allied Irish Banks (AIB), but the over-50s specialist appeared to reject any link with Brexit, saying this was a longstanding arrangement that was coming to a natural conclusion on 28 March.
But now the card is being shut down, which means customers have just two months to clear their debts and find another card provider – though they may struggle to find a comparable deal. It is understood Saga started writing to customers in mid-January, and everyone affected should have received a letter.
Sign up to our Brexit weekly briefing
Read more
The card is operated on Saga’s behalf by Allied Irish Banks (AIB), but the over-50s specialist appeared to reject any link with Brexit, saying this was a longstanding arrangement that was coming to a natural conclusion on 28 March.
We young at heart types will take our debt elsewhere...
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