Unfortunately outdated (RBS Advanta)

Member Name: alistair

Product:	RBS Advanta
Date:	12/12/01 (239 review reads)
Rating:

Advantages: Good range of services, 24 hour call centre

Disadvantages: Overpriced in current market, Outdated

RBS Advanta have lost their competitive edge and have joined the ranks of general card providers. This is a great shame as they used to offer a good service with a 24 hour helpline.

The hook as with many card operators is a low initial interest rate and then higher rates after a few months. The higher rates used to be similar to the rest of the market so the effort to chop and change was too much like hard work.

The interest paid is quoted on the statements as a monthly rate IE 1.49%, sounds quite good really except that this equates to 17.9%.

I let things run and threw away without opening the regular infusions of junk mail from other card providers untill a recent offering by the Co-op bank caught my eye.
Co-op bank are offering 8.9% fixed for 5 years. Too good to be true? Well this would save me a fair bit over the course of the year. Three minutes on the phone to them and it was a done deal.

If you dont regularly clear your balance and are over 25 then this is credible alternative to RBS Advanta. Check it out for yourselves on
http://www.co-operativebank.co.uk.

Click on the link for the advantage platinum visa.

I rang RBS to see if they were planning to reduce their rate and told a big NO.
Adios RBS, its been nice knowing you..

Summary: