Barclaycards Takeover of Discover Financial Services
September 13, 2008
The recent announcement of Barclaycards £ 35 million takeover of Discover Financial Services UK portfolio of 11 credit cards, which include credit cards such as Goldfish, Morgan Stanley, Liverpool Victoria, Leeds Building Society to name but a few, will see a transfer of 1.7 million credit card holders being transfered into Barclaycards cutomer base.
The message that is being put out to the current holders of the Discover Financial Service cards is that they will not be losing out as a result of this change. Holders of these credit cards will soon be reciving a new card to replace their old one and they will recieve one of nine new or existing cards that Barclays offer. Along with recieving their new card they will also be recieving a guarantee that the benefits they had with their previous card will be the same with their new card if not better.
These new credit cards should be with the holder by the 20th of October and will see a new account number and pin being issued. Although the holders will be getting new cards, account numbers, pins, etc, this will not affect the credit limit or interest rates that they had. For customers looking to be able to find out more about the new Barclaycard that they will recieve a spokesman for the company advised “Customers will be able to get more information by calling the customer service number on the tailored letter sent to them by Barclays.”
It seems that Barclaycard are doing all possible to make this takeover go as smoothly as possible both for their customers and Barclays and in the words of their Managing Director of UK Cards, Amer Sajed “Over the next few weeks, we are focused on ensuring a simple and seamless transition for our new customers and we feel that the new card offers and our customer service will make them feel welcome to Barclaycard.”
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