Credit Card News
uSwitch.com: Section 75 of the Consumer Credit Act
Mike Naylor, personal finance expert at uSwitch.com, comments on the decision today by the House of Lords to uphold Section 75 of the Consumer Credit Act 1974 (S.75), which protects credit card purchases made overseas.
Sainsbury’s launches new rewarding credit card
Sainsbury’s has launched a new credit card which will reward customers every time they shop. The new card, which also offers an introductory rate of 0% APR on purchases and balance transfers, will provide Nectar points equivalent to 2% cash-back on Sainsbury’s purchases.
Credit card customers still protected purchasing goods overseas
UK consumers will continue to be protected when purchasing goods overseas on their credit cards following a landmark ruling by the House of Lords today.
MoneyExpert.com: Sainsbury’s Bank new credit card
Sean Gardner, Chief Executive of MoneyExpert.com, said: “The new Sainsbury’s Bank card is more evidence of the comeback of cashback type offers - but it’s a reward scheme with a difference as companies start to get clever and look to target different sectors of the market.
uSwitch.com: American Express 5% cashback offer
Mike Naylor, personal finance expert at uSwitch.com, the independent online price comparison and switching service, comments on the changes to the American Express Platinum Credit Card, with the launch of its 5% cashback offer:
Let the cashback battle commence
American Express has raised the bar in the cashback market, offering an impressive offer to challenge the current market leaders Capital One.
Consumers warned to avoid picking the wrong credit card
A study by Fool.co.uk reveals that 296 out of 300 credit cards use negative payment hierarchy. This means that if you regularly carry a balance on your credit card, and the outstanding amount comprises debts that attract different interest rates, then you have a 99% chance of being with the wrong credit-card provider.
American Express launches 5% Cashback Offer
American Express has announced changes to its MoneyBack offer on its Platinum Credit Card. From today, the Platinum Credit Card will offer new applicants MoneyBack at 5% for the first three months, making it the market leading cashback card for new customers.
Credit card customers unwittingly pay £500m
With 12 months to go before regulation forces credit card providers to draw attention to the order of payments they use, Nationwide Building Society urges them not to delay, and provide the clarity consumers need now.
Store cards-trick or treat?
Hallowe’en is just around the corner and shops are stocking clothes for the new season. Nationwide has looked at how consumers can be fooled by tricky terms and conditions when picking up a treat using a store card.
Are you planning a plastic Christmas?
People planning to hit the credit cards for their Christmas spending need to apply for new cards now or risk being empty-handed for their shopping.
Credit card switching on the up
Six-and-a-half million Brits are set to switch credit card provider this year according to new research from Abbey Credit Cards. That’s up almost 5 per cent from last year. With the average amount transferred standing at £1710, there is over £11 billion on the move.
How to profit from Christmas spending
Samantha Owens, Head of Personal Finance at Moneyfacts.co.uk, comments: “Believe it or not there are only 10 weeks before Christmas. Looking round the shops, even now, you can see the decorations starting to dominate the floor.
Out of the spotlight and the fees increase
Samantha Owens, Head of Personal Finance at Moneyfacts.co.uk, comments: “When the OFT capped card fees to a recommended £12, with the exception of a handful of card providers, most adhered to the suggested limit.
Brits confused about how to detect and deal with ID theft
In National Identity Fraud Prevention Week Capital One is warning that over 42 million adults in the UK don’t know how to discover if they have been a victim of ID theft, despite almost blanket awareness of the threat.