Spectator Money 31 October 2018 6:55 PM 31 October 2018 6:55 PM Share Twitter Facebook LinkedIn Email Whatsapp 0% balance transfer credit cards can help you to save money by not charging interest on your existing balance. Here are some of the best ones on the market right now, from data supplied by moneyfacts.co.uk. See also balance transferBest Buyscredit cardsMoneyBlog Most Popular ReadRecentRead How Cameron’s misreading of Merkel led to Brexit James Kirkup Should it be illegal to insult Mohammed? Douglas Murray Why the IFS is wrong about a ‘no deal’ Brexit Matthew Lynn The progressive West must stop fetishising Palestinian extremists Stephen Daisley Watch: Yvette Cooper clashes with Caroline Nokes Steerpike Tony Abbott: How to save Brexit Tony Abbott Recent The simple solution to the … [Read more...] about Best Buys: 0% introductory rate balance transfer credit cards
Balance on credit card
Spectator Money 19 June 2018 12:49 PM 19 June 2018 12:49 PM Share Twitter Facebook LinkedIn Email Whatsapp A 0% balance transfer credit card allows you to shift debt from expensive credit and store cards, and at the same time freeze the interest for a set period. Here are some of the best 0% balance transfer cards on the market at the moment, according to data supplied by moneyfacts.co.uk. See also Best BuysMoneyBlog Most Popular ReadRecentRead Great writers are found with an open mind Lionel Shriver Theresa May and Sajid Javid clash over Billy Caldwell case at Cabinet James Forsyth Love Island’s government adviser Steerpike The true cost of the Stepford Students Douglas Murray Tariq Ramadan and the integrity of French justice Peter Oborne Christopher Chope: I’m the victim of a Tory stitch-up Steerpike Recent … [Read more...] about Best Buys: 0% balance transfer credit cards
Provider Avantcard is introducing the tiered interest rates, the first personalised pricing for any form of consumer borrowing in this country. It is likely to spur other card providers to follow its lead. Leitrim-based Avantcard, which used to be called MBNA, said there would be three rates based on customers' credit profiles - great, good and OK. The Carrick-on-Shannon company offers the Mastercard credit card, but has some of the highest interest rates in the market, with 22.9pc charged for making purchases on its card. The new individualised pricing will also apply for those taking out a personal loan with Avantcard, with the amount to be borrowed also to be a factor in the interest rate charged. Customers rate themselves, and this is then cross-checked by the card provider with the Irish Credit Bureau. Those confirmed as having a "good or OK" risk profile will get a 22.9pc annual percentage rate (APR) on card purchases. Those regarded as having a "great" credit profile … [Read more...] about Late payers facing extra charges on credit cards
BARCLAYCARD will give new credit card customers £20 cashback when they move their debts to one of their balance transfer card. But whilst cashback is always good news, you may want to weigh up whether the deal is worth it before taking the plunge and switching. Credit cards are a great help when it comes to paying for those big purchases - but if the balance has been on it for a while, the chances are you're racking up lots of interest which you may be struggling to pay back. Transferring the debt onto a 0 per cent interest credit card instead means your monthly repayments will be going towards paying off the debt, rather than on interest rates. "If you’re being charged interest on your credit card debts, a balance transfer could help you get a lower interest rate, or give you a break from being charged interest full stop, for a set period by moving what you owe to a new card," says Martin Lane, from money.co.uk. The cashback offer on the Barclaycard is on the Platinum 25 … [Read more...] about Barclaycard will PAY you to transfer debts to balance transfer credit card – but is it any good?
Shock bills are forcing the over 65s to run up unaffordable credit card bills and end up with problem debts a new report reveals. Debt levels for pensioners keep rising, increasing from £70billion to £85billion over the past two years. Research from Key Retirement shows one in five is struggling to pay off an average £3,500 balance they have racked up to pay unexpected bills. That equals a shocking 286% more than the average single pensioner’s monthly income of £906. Pensioners in the West Midlands have the highest average balances at £4,700, followed by those in the North East at £3,900. Half of pensioners said car repairs were the reason for having to rely on plastic, while two-fifths used credit cards to pay for repairs to their home and a fifth got into debt to help their children out with financial emergencies. Dean Mirfin, chief product officer at Key Retirement, said: “It is astonishingly easy to sleepwalk into debt and it should be a … [Read more...] about Debt levels for pensioners rising as shock bills see more put on credit cards