Just closed my edge credit card as I’ve had it a year and less value in year two.
wired: Lloyds Shiny Horse Card
tired: Santander
Someone needs to turn this into a Craig David meme
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I just hate the new Lloyds app. The design makes me want to cry.
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Also not a fan. The font is like a heavy almost-serif version of Gill Sans and looks terrible at small sizes on a phone screen.
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Although come to think of it, I don’t get much cashback from supermarket and travel spend anyway. Supermarket often just goes on credit card and I get better travel cashback elsewhere. Shouldn’t be too much of a difference for me so will likely stay with it
So unless I’m missing something, the only benefits of the edge over the 123 lite, is it being fx free and the linked saver? If so, feel I did the right thing holding onto the 123 lite.
I think Santander should have held out a few more months before making the change, as I was thinking of moving my spending over from Chase to Santander after Chase reduced the range of items that were eligible for cashback.
I think they’re retaining the cash back on utility bill DDs.
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Thanks , although you get cash back on utility bills for the 123 too, with some earning a higher 2% or 3%, so 123 is still slightly better in that category.
This didn’t age well, for anyone who missed it… the 123 lite account is being closed and existing customers are being moved to their standard (no fee and no cashback) current account. Santander Changes MSE
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It feels like they are souring the milk on these accounts.
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Probably to get more profit to make it more attractive to sell
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That’s a shame. Going by their online calculator my direct debit cashback will drop from £55/year to £16/year (after accounting for fees). Will probably switch my bills to Zopa (no fees, 2% cashback, capped at £30).
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I did consider moving everything over to Zopa for the cashback but it’s a faff to switch them all over. I think I have about 18 or 19 to switch them and I’ve just moved them all into one bank finally.
I’m terrible for swapping between banks and really I need to stop and concentrate on one or two for a while.
In the case of Santander, I’ll have to see if they do close up shop, as I have a children’s saving account there that family and god parents pay into.
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