0 Have your say Today a ban has come in on companies adding charges to credit or debit card purchases. It has been welcomed by consumer groups - but advice has gone out to shoppers that they should be aware of retailers attempting to find ways around it.Q. What are the surcharges being banned?A. As of January 13, all surcharges for paying with either a credit or debit card will be banned under new EU rules to help improve transparency and fairness. This includes linked ways of paying such as PayPal or Apple Pay and applies to any online payments, credit transfers and direct debits.Q. How much were they costing me?A. Consumers have been facing hefty charges, with fees typically around two per cent and on some smaller transactions accounting for as much as 20 per cent of the bill.The ban should make a significant difference on some purchases. It will end British Airways charging a one per cent fee of up to £20 on credit cards, Ryanair charging two per cent on credit cards … [Read more...] about CONSUMER: The end of credit card surcharges – here’s all you need to know
0 apr credit cards for 24 months
One of the best ways to save money and stop paying interest on your credit card debt is to move money to a 0% balance transfer credit card. So where's best? We've teamed up with MoneySupermarket to round up the top 0% balance transfer credit cards for length of transfer, the balance transfer cards with the lowest fees and the best balance transfer cards for people with bad credit . How does a 0% balance transfer card work? A 0% balance transfer card allows you to switch your outstanding debts onto a new card and pay them off without incurring interest for a certain period of time. That means you can concentrate on slimming down your festive debts for a reasonable period of time without triggering any extra costs. Some new offers seem to be incredibly generous. The interest-free window on cards is now stretching to 37 months. That’s the equivalent of THREE more Christmases! But you need to watch out for a few banana skins, namely transfer fees (usually a small percentage of the … [Read more...] about Best 0% balance transfer cards to move your money to right now
PUBLISHED: 12:05 12 January 2018 | UPDATED: 12:40 12 January 2018 Martin Lewis, founder of moneysavingexpert.com Archant The dreaded post-Christmas credit card bills are beginning to arrive. Moneysavingexpert’s Martin Lewis explains how to tackle them. This time of year causes concern for many people, as Christmas debts begin being repaid. Picture: Thinkstock/AntonioGuillem Letterboxes become dangerous at this time in January, and not just due to trapped fingers. Mail takes on a demonic hue for many awaiting credit card statements of their Christmas spending to land on the doormat. So if your plastic has a festive hangover, don’t ignore it: it’s time to sort it. There are three key rules to sorting your existing debts: 1. Stop borrowing more. 2. Cut the interest rate. This means your repayments clear the actual debt rather than just profit the lender. 3. If you’ve more than one debt, prioritise repaying the one with the highest interest rate first … [Read more...] about Martin Lewis: Dreading those Christmas credit card bills? Here’s how to cut them
When it comes to searching for a credit card the consumer has never had more power in their hands. The days of calling your bank, asking for a credit card and hoping for a ‘yes’ are over. Using sites like TotallyMoney.com you can compare hundreds of cards online to see those which suit you best and that you are most likely to be accepted for. Why you should compare credit cards 1. Protect your credit score. When you compare credit cards you can check your eligibility for each one. This means you can see how likely you are to be accepted for a card before applying. Making multiple card applications in a short space of time can harm your credit score, so by knowing your chances of acceptance you can avoid rejection and protect your score. 2. Know your options. There are many different types of credit card that could be right for you. Plan on making a large purchase like a laptop or a fridge? Put it on a 0% purchase card and save money by paying no interest for the … [Read more...] about 5 reasons why you should be comparing credit cards online
HUNDREDS of Tesco Bank customers have been left angry and frustrated after they had their credit cards cancelled unexpectedly just weeks before Christmas.The cards were deactivated as part of "fraud protection measures" and Tesco Bank let people know about it via a text message.Customers who have been affected by the measures will be automatically reissued a new card but it can take seven to 11 days for it to come through.The Sun Online asked Tesco to elaborate on the reason behind the cancellation but it said that it was a "precautionary" measure as a result of a "third party compromise".The text message which alerted customers to the cancellation read: "As a result of industry wide fraud prevention measures, we will be issuing you with a new credit card as a precautionary measure."This means that you can't use your existing card until your new one arrives, which may take between 7-10 working days."This leaves shoppers who rely on their Tesco credit card for Christmas shopping in the … [Read more...] about Tesco Bank cancels hundreds of customer’s credit cards weeks before Christmas due to fraud concerns
BORROWING money with mega low interest rates and zero per cent credit card balance transfer deals "may be coming to an end".Finance expert, Andrew Hagger from Moneycomms has said that it's getting harder for people to borrow money at a lower cost as banks increase their rates.Since the Bank of England raised the base rate to 0.5 per cent from 0.25 per cent in November, banks have been following the guidelines and putting their own rates up for borrowers.According to the analyst, there are now fewer loans of more than £10,000 with super low interest rates of below three per cent available on the market.Meanwhile, the length of zero per cent your credit card transfer deals has also shortened.Most credit card lenders will allow you to transfer your credit card debt to another card to save you paying high interest rates you may have racked up.A zero per cent balance transfer credit card will charge you a transfer fee but won't charge you interest on the sum of money you move for an … [Read more...] about End of mega cheap personal loans and 0% credit cards – what are the best options for borrowing?
LLOYDS bank has SLASHED the rate on its standard credit card to just 5.7 per cent - the cheapest deal on the market.Its means on a balance of £1,000 you'll be charged around £50 in interest in the first 12 months - as long as you meet the minimum monthly repayments.It's low-rate credit card comes with an APR of 5.7 per cent - currently the cheapest deal on the market.There is no annual fee and - helpfully - you won't have to pay anything to transfer existing debt to the card within the first 90 days.Those without a great credit score may be offered a higher rate of 10.9 per cent or 14.9 per cent.You can only apply for the card online.The credit card market is really competitive.Low-rate deals can really help those who don't want a 0 per cent deal which shifts to a higher rate of interest when the offer comes to an end.Money expert Rachel Springall, of Moneyfacts, told The Sun Online: "Low rate credit cards are great for everyday spending for consumers thanks to their … [Read more...] about Lloyds launches LOWEST rate credit card – but is it the best one for you?
A FED up commuter who successfully claimed back thousands from his credit card provider after months of disrupted service by Southern Rail is encouraging other passengers to fight back against poor service.The commuter, known only as "Sean", made a claim under Section 75 of the Consumer Credit Act, stating that Southern's dismal performance in recent months meant he was entitled to a 50 per cent refund on his ticket.He contacted his credit card company, American Express, last August once his ticket had expired claiming that the rail operator had failed to deliver the service it had promised.The payout could trigger a flood of similar claims from commuters who have paid for tickets with a credit card.Under Section 75 of the act, the credit card provider is equally liable with the firm that offers the goods or services if things go wrong.The news was posted on the Association of British Commuters (ABC) website, a campaign group with a mission to pursue "justice, … [Read more...] about Southern Rail customer uses credit card clause to get £2,400 refund for delays – could you do it too?
MBNA has launched the longest ever balance transfer credit card giving customers more than three and half years interest free.Over the past few days a credit card war has erupted with four new cards offering 42 months or more on balance transfers.These cards allow customers to transfer existing debts and pay them off without paying interest.Barclaycard, Sainsbury’s Bank and nuba now offer 42 months on their 0 per cent balance transfer cards.MBNA now offers a market leading 43 months interest free - with a balance transfer fee of 2.9 per cent.Those who move at least £1,000 in the first £60 onto the card will also get £20 cashback.The rate that you will get depends on your credit history, meaning you may get a different deal if you apply.You can use a ‘soft credit check’ such as MoneySavingExpert’s Eligibility Checker to see if you’ll be accepted for the card without leaving a mark on your credit score.You’ll need to pay off the … [Read more...] about MBNA launches longest-ever 0% balance transfer credit card with 43 months interest free
MARCO Pierre White Jnr has walked free from court after using his girlfriend’s credit card to buy goods to pay for drugs.But the tattooed Celebrity Big Brother contestant was given a community order to carry out 120 hours of unpaid work for fraud by false representation.Westminster Magistrates Court also ordered him to pay £2,500 compensation, pay costs of £650 and £85 victim surcharge.Wearing an off-white knitted jumper, black trousers and black loafers and short cut hair, the male model and son of celebrity chef Marco Pierre White spoke only to confirm his name.Prosecutor Emily Maunders said: "On the 29th of February at about 9:30am this defendant attended the home address of the complainant."He is described a dishevelled and asked for some food. She gave the defendant her credit card for the purpose of allowing him to use it to buy food."He left her address at 10.30am. The Bank of America contacted the complainant because it had come to their attention there … [Read more...] about Marco Pierre White Jnr sentenced to 120 hours of unpaid work and ordered to pay £2,500 compensation after using his ex girlfriend’s credit card to help buy drugs