The consumer rights company Which? has accused credit card companies of using “ingenious methods” for creating new charges so that they can recoup some money after last year’s decision by the Office of Fair Trading to limit penalty fees to £12. To show just how “innovative” the credit card companies can be, Which? have highlighted […]
Tag: Credit Cards
Watch Out For These Credit Card Tricks
I mentioned in my previous post about credit cards that the card companies can use certain tactics to take more of your money off you than you realise. Here are a couple of tricks they use that it’s worth looking out for: Paying the debt with the lowest interest rate first – if you make […]
How Should We Compare Credit Card Deals?
The Independent reports that the Office of Fair Trading (OFT) is going to start consulting with the credit card industry on how to make it easier for consumers to compare credit card deals. Following complaints by Which?, they’re going to try to come up with a way of taking all of the elements of a […]
Cooling Off Period Applies To Renewals
A post at UKMoneyPot states that the 14 day cooling off period you receive when buying many types of financial product, such as loans, insurance and credit cards, also applies when your policies “auto-renew”. For example, as with many insurers, if your car insurance renews automatically each year, you still have 14 days from the […]
0% Balance Transfer Credit Cards with No Fee
It’s getting rarer to find such cards where there is no transfer charge, but both the Yorkshire and Clydesdale banks are offering such deals at the moment.
New Year, New Finances: Credit Cards
If you’re like many families in the UK, you’re probably dreading seeing your latest credit card statement following Christmas and New Year. Much of the cost of presents, food, drink and parties is likely to have been whacked onto the “sod it” card, and much like yourself, that debt is now sitting around slowly getting […]
MoneyExpert: ‘Over Half’ Of Homeowner Loans Protected From Rate Rise
Some 53 per cent of homeowner loans held with building societies will not be affected by the Bank of England’s (BoE’s) recent base rate rise, it has been claimed.
MoneyExpert: Banks Waive Balance Transfer Fees
Consumers looking to compare credit cards and transfer an outstanding balance are being alerted to news from Yorkshire Bank and Clydesdale Bank.
MoneyExpert: M&S Money: Only One In Three Use Low-interest Offers
Some two in three borrowers are not paying off their credit card debts within balance transfer low-interest periods, it has been found.
MoneyExpert: Credit Card Users ‘lose £70m Abroad’
Holidaymakers who used their debit or credit cards abroad last winter lost more than £70 million in bank charges, it has been revealed.