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Just received an offer of half price share advice for a year, looking to capitalise on takeover targets, but the subscription automatically renews. What are your views on these types of services and does automatic subscription renewal send any danger signals.
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879What I am about to say applies equally to any form of subscription.
The half price offer is to get you started and then they make their money from subsequent years at full price.
This is quite a normal way of doing things theses days. No-one wants to be dealing with cheques any longer, so they require a bank direct debit or a credit card continuous debit authority.
DO NOT do the credit card card version. It is not as safe as the bank version.
If you don't want to renew, you only have to notify them and your bank that you are cancelling the subscription, before it is due, and you won't have to pay another penny. It is better to give notice at least 10 days earlier because DDs are prepared in advance. If you don't give sufficient notice, you would probably be charged but shouls get a refund under the DD guarantee.
Mike
Posted on 03 September 2012 |
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32The reason I ask is that the offer was from Mötley Fool which has some association with love money and love money warns of automatic renewals in its item "Five sneaky online sales tricks"
Posted on 04 September 2012 | Love 0 loves
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