From: "Virgils Ghost" 
Newsgroups: uk.finance
Subject: Re: Morgan Stanley creditcard annual charge?
Date: Tue, 24 Apr 2007 00:10:34 GMT


"MrCheerful"  wrote in message 
news:b18Xh.57090$aB1.22025@fe3.news.blueyonder.co.uk...
>
> "Robert"  wrote in message 
> news:qj1q23tf5edkev0rc8irogggdosfm06tcm@4ax.com...
>> hi all,
>> I received a letter to say that Morgan Stanley intend to levy a £20
>> annual fee for my credit card.  Is this a common charge?  I usually
>> pay off my card each month and wondered if other card holders who do
>> pay interest charges have been informed that they are about to be
>> charged for having the card.
>>
>> Robert
>
> I haven't had that, the website specifically says 'no annual fee'.  I also 
> pay off straight away, although I do use their zero percent deals when the 
> arrangement fee is low enough.

He's right, I have the latest statement in front of me :-

"Changes to our terms and conditions

Please be advised that our terms and conditions are changing. As of 1st June 
2007, we will be introducing a £20 annual fee for your Morgan Stanley Card. 
There's nothing you need to do [ed. can do?], as this will be automatically 
debited from your account

Rest assured, this doesn't affect any of the great benefits you currently 
enjoy... blah blah"

It means they've as good as eliminated the cash back.

I presume they can count three less customers?