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Thread: Diamond Club (ex-bmi) Credit Cards- AMEX, Small Business Visa and defunct Mastercard
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Old Jul 28, 2011 | 11:13 am
  #445  
EsherFlyer
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Originally Posted by raikje
I believe there was talk of regulation to stop this, but I don't know if it ever came to anything.

Some cards are now changing their order of payments to be more favourable to the customer...
I'm not sure it is a regulation, but I thought the financial ombudsman had told them all to switch to this way of paying off higher rate items first. Pretty sure I got a letter from MBNA saying they were doing this from around July.
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