www.cahoot.co.uk (cahoot.co.uk)

Member Name: sp!ke

Product:	cahoot.co.uk
Date:	13/06/00 (138 review reads)
Rating:

Advantages: Zero interest on credit cards

Disadvantages: currently unavailable!

Cahoot is the just-launched Internet division of Abbey National plc...
Yes! Another one I hear you say, and yes, another fiasco...

UK Banks are trying to get as many online customers as possible these days and to do so, they have to be competitive so they have started a war over interest rates.
After Nationwide's highest score at 7% interest rate on their Internet saving account, Cahoot boasted a zero interest rate credit card - only avalaible to the first 25,000 applicants on their website!!!

Well, I don't know if applications are closed but I was welcome with an apologetic message stating that there was an "unprecedented demand" and that the service was unavailable
:D
Makes me smile...what do they expect!?
An online service without the reliable back-end will never survive, something that all bankers do not seem to be aware of so far...

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