Nat West Black
Feb 5, 2003, 3:45 am
#16
Join Date: May 2001
Location: The Wild West
Posts: 1,334
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Kovich:
I believe (quote in the paper recently but hey what do they know) that only 8% of Britons earn over Ł40,000 pa. Since almost everyone I know earns in the 40,000 to 70,000 bracket then the % earning over 70,000 is likely to be much smaller.
</font>
I believe (quote in the paper recently but hey what do they know) that only 8% of Britons earn over Ł40,000 pa. Since almost everyone I know earns in the 40,000 to 70,000 bracket then the % earning over 70,000 is likely to be much smaller.
</font>
On the other hand, that entire 8% must live in London - it's just way too expensive IMHO otherwise.
Feb 5, 2003, 4:34 am
#17
Suspended
Join Date: Mar 2002
Location: Canada, USA, Europe
Programs: UA 1K
Posts: 31,452
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by jja34-1:
This is very interesting. It may explain the shock a friend of mine had recently when looking for jobs with American investment banks in London - their packages were significantly lower than in NY. </font>
This is very interesting. It may explain the shock a friend of mine had recently when looking for jobs with American investment banks in London - their packages were significantly lower than in NY. </font>
Lots of US banks offered US employees expat packages that were fairly obscene and contributed to an explosion in house prices in Chelsea, Kensington, etc. Many of these have been cut or are not being renewed. Whilst anecdotal, I can tell you plenty of stories of friends whose packages came to an end and were not renewed and were told that the had to stump up for their own living expenses. Since not many were prepared to pay Ł1,000 to Ł2,000 per week out of their own take-home pay, several moved back to the US and now live in CT or NJ.
The pay packages that I have come across are not vastly different in the US than the UK.
Feb 5, 2003, 9:37 am
#18
Join Date: Jan 2001
Location: UK/ORD
Programs: FB Plat Lifetime - BA GGL - VS Gold - EK Gold - HH Diamond - SPG Gold - Club Carlson Gold
Posts: 905
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by jja34-1:
In direct contrast, NatWest private banking has been nothing but difficult and unhelpful. They are the worst private bank I have ever dealt with (and I've dealt with a few).</font>
In direct contrast, NatWest private banking has been nothing but difficult and unhelpful. They are the worst private bank I have ever dealt with (and I've dealt with a few).</font>
Feb 6, 2003, 10:31 am
#19
Join Date: Jan 1999
Posts: 3,065
I received an invite for the Natwest Black card the week before it was officially launched (not preapproved). I completed the form and posted it.
They declined me.
Somewhat annoyed I called the number on the refusal letter to discuss, explaining that I have an Amex Centurion and BA Amex card with a Ł20k credit-limit.
I confirmed that my earning were above Ł70k, that I had no bad credit history (I previously worked at Experian so am pretty savvy in this area) and that I spend on average $51k (OK it is mostly expenses) a month on my AMEX card.
Natwest just said "our selection criteria are more exhaustive than the American Express Centurion card". End of story.
Maybe this really is a more exclusive card!
Nick
They declined me.
Somewhat annoyed I called the number on the refusal letter to discuss, explaining that I have an Amex Centurion and BA Amex card with a Ł20k credit-limit.
I confirmed that my earning were above Ł70k, that I had no bad credit history (I previously worked at Experian so am pretty savvy in this area) and that I spend on average $51k (OK it is mostly expenses) a month on my AMEX card.
Natwest just said "our selection criteria are more exhaustive than the American Express Centurion card". End of story.
Maybe this really is a more exclusive card!
Nick
Feb 6, 2003, 1:25 pm
#20
Join Date: May 2000
Location: Seattle, WA
Programs: Various
Posts: 2,155
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by axel1:
And how high are your OWN personal spendings - without counting the supplementary cards, business expenses, your collegues airline tickets, etc..., charged to your personal card ?</font>
And how high are your OWN personal spendings - without counting the supplementary cards, business expenses, your collegues airline tickets, etc..., charged to your personal card ?</font>
b) What benefit does this your post have to the discussion in hand? Absolutely none whatsoever. It was your usual trait of pulling my posts apart. Just get over the fact that I have a Centurion Card.
And for whats its worth a substantial proporation of my spend is my own personal spend.
Don't bother posting anymore useles rubbish. If it doesn't add value to the conversation then don't post it, personal vendettas and/or cheap shots will not be tolerated anymore.
Thanks,
Richard
Feb 7, 2003, 12:57 am
#23
Join Date: Jun 2002
Location: London UK
Posts: 24
[QUOTE]Originally posted by RichardMannion:
[B] a) What's it to you?
b) What benefit does this your post have to the discussion in hand? Absolutely none whatsoever.
I think you're wrong Richard. If you're going to brag like an insecure schoolboy about how much money you spend on your card, then at least be prepared for people to ask about your spend. The fact that you repeatedly assume people are jealous of the fact you have a Centurion Card says a great deal about you. As does that fact that you continue to mention how young you are, the newspaper articles written about you and your amazing card etc... here and on other forums.
Perhaps we're not jealous of your mythical card status at all and just want these forums to be run in a professional and functional manner. You have added a lot of useful information for myself and other users about AmEx and the pros and cons of Centurion and I for one am grateful for that, but I don't believe many people on this forum care about your own personal wealth (or lack of it), your imaginary notoriety for having a black card, or your age.
If you are going to moderate this board then I would hope you have the maturity to do so in a professional manner.
Just a thought.
J
[B] a) What's it to you?
b) What benefit does this your post have to the discussion in hand? Absolutely none whatsoever.
I think you're wrong Richard. If you're going to brag like an insecure schoolboy about how much money you spend on your card, then at least be prepared for people to ask about your spend. The fact that you repeatedly assume people are jealous of the fact you have a Centurion Card says a great deal about you. As does that fact that you continue to mention how young you are, the newspaper articles written about you and your amazing card etc... here and on other forums.
Perhaps we're not jealous of your mythical card status at all and just want these forums to be run in a professional and functional manner. You have added a lot of useful information for myself and other users about AmEx and the pros and cons of Centurion and I for one am grateful for that, but I don't believe many people on this forum care about your own personal wealth (or lack of it), your imaginary notoriety for having a black card, or your age.
If you are going to moderate this board then I would hope you have the maturity to do so in a professional manner.
Just a thought.
J
Feb 7, 2003, 2:48 am
#24
Join Date: Jul 2001
Posts: 941
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Merry:
I received an invite for the Natwest Black card the week before it was officially launched (not preapproved). I completed the form and posted it.
They declined me.
Somewhat annoyed I called the number on the refusal letter to discuss, explaining that I have an Amex Centurion and BA Amex card with a Ł20k credit-limit.
I confirmed that my earning were above Ł70k, that I had no bad credit history (I previously worked at Experian so am pretty savvy in this area) and that I spend on average $51k (OK it is mostly expenses) a month on my AMEX card.
Natwest just said "our selection criteria are more exhaustive than the American Express Centurion card". End of story.
Maybe this really is a more exclusive card!
Nick</font>
I received an invite for the Natwest Black card the week before it was officially launched (not preapproved). I completed the form and posted it.
They declined me.
Somewhat annoyed I called the number on the refusal letter to discuss, explaining that I have an Amex Centurion and BA Amex card with a Ł20k credit-limit.
I confirmed that my earning were above Ł70k, that I had no bad credit history (I previously worked at Experian so am pretty savvy in this area) and that I spend on average $51k (OK it is mostly expenses) a month on my AMEX card.
Natwest just said "our selection criteria are more exhaustive than the American Express Centurion card". End of story.
Maybe this really is a more exclusive card!
Nick</font>
Nick - you're kidding, right?
[This message has been edited by Canista (edited 02-07-2003).]
Feb 7, 2003, 8:19 am
#26
Join Date: Jan 2001
Location: UK/ORD
Programs: FB Plat Lifetime - BA GGL - VS Gold - EK Gold - HH Diamond - SPG Gold - Club Carlson Gold
Posts: 905
Merry:
I have one friend who was rejected for a basic Visa with NatWest. She couldn't understand the rejection and contacted her manager at Coutts who sorted things out for her.
So basically, if RBS can satisfy the criteria for a person to open a Coutts account, how come that person can't satisfy the criteria for a simple NatWest credit card?
Oh well ... she got the card in the end!
edited for typos ... always typos ... and more typos
[This message has been edited by Moriarty (edited 02-07-2003).]
I have one friend who was rejected for a basic Visa with NatWest. She couldn't understand the rejection and contacted her manager at Coutts who sorted things out for her.
So basically, if RBS can satisfy the criteria for a person to open a Coutts account, how come that person can't satisfy the criteria for a simple NatWest credit card?
Oh well ... she got the card in the end!
edited for typos ... always typos ... and more typos
[This message has been edited by Moriarty (edited 02-07-2003).]
Feb 7, 2003, 9:14 am
#27
Join Date: Nov 2000
Location: Sydney, Aus
Programs: QF WP, Starwood Gold, Hilton Diamond, Marriott Gold, Avis President's Club, Amex Platinum
Posts: 2,880
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by SteveT:
Merry-
I read in another post that the Nat West Black card has an income requirement of $100,000 pounds. So that may be the reason you did not qualify for the card</font>
Merry-
I read in another post that the Nat West Black card has an income requirement of $100,000 pounds. So that may be the reason you did not qualify for the card</font>
Feb 7, 2003, 10:46 am
#29
Join Date: May 2002
Posts: 28
Going back many years to when I worked at NatWest the way credit scoring is completed is very interesting - income is only a small part of it. Things like not having a fixed line telphone in your house is a negative, having more than 6 credit cards is a negative etc etc. In some cases someone who earns a lot could be living in a rented house, with no fixed line telephone and have lots of cards. This use to lead to a bad credit score.
