Do you have a Morgan Stanley Card? If so you should read this...

[the_lone_wolf]

I do, i got it because they were offering the best cashback award when i was looking for a card, but it seems they're moving the goalposts... i got the following through with my statement, lucky i opened it bacuse i normally do all of my account management online and there's no mention of it there...

Notice of Variation to your Agreement

This leaflet contains information about an important change to your credit agreement. Please read it carefully

The following change to your agreement is effective from 1 June 2007:

Fees - Condition 2

We have changed the title of Condition 2 to 'Fees'.

We have added a new Condition 2.2 that sets out the details of a new annual fee that will be charged to your Account on, or shortly after, 1 June 2007, and yearly thereafter.

The new Condition 2.2 is as follows:

2.2. We will charge an annual fee for the card, which is currently £20 per annum. The fee will be charged to your Account on, or shortly after, the date we tell you, and yearly thereafter. Unless we are in breach of any of our obligations to you, once the annual fee has been charged to your Account, no part of it will be refundable to you.

Looks like i'll be closing my account with them then, still need to find out if they're going to withhold the cashback that i've accrued since September

[the_lone_wolf]

right, i phoned a lovely scottish lady to find out the score, after reading on the front of my statement that they have "reviewed my account" and decided not to apply the charge **this** june, however subject to another review next june i may be charged then, but they will inform me in writing if they plan to do so.

the main thing is: CHECK YOUR STATEMENT - if it says they're not going to charge you they shouldn't, but she advised me to keep a copy of that statement safe just in case...

damned thrifty scots

[northwind]

Read everything, all the time, us banks are all just thieves in suits