Virgin has launched two credit cards that reward borrowers with points that can be used on flights, upgrades and free "companion tickets". One of the cards, the Virgin Atlantic Reward credit card has no annual fee and offers 0.75 "Flying Club" miles for every £1 spent. You'll also get 5,000 points with the first card purchase as long as it's within 90 days of the account opening. The Virgin Atlantic Reward+ credit card costs £160 a year. Borrowers earn 1.5 miles per £1 spent and 15,000 bonus points with the first card purchases within 90 days. Double miles can be earned with Virgin flights and Virgin holidays with both cards if booked direct. Both cards offer six months interest free for balance transfers and money transfers after an initial 3pc fee. How do the Flying Club miles work? You can use the points on upgrades and companion seats once you hit a spending limit. But the best rewards are saved for the big spenders. Once you've spent … [Read more...] about Virgin launches two new reward credit cards – how much do you need to spend to get the travel perks?
Best cash rewards credit card
WHEN it comes to credit cards, zeros are heroes – especially if you have overspent.Cards offering zero per cent interest are becoming increasingly popular as a way to pay off borrowing and get your finances back under control.The no-interest product lets overstretched consumers transfer an existing debt balance interest-free for a set amount of time, making it easier to repay more money.The latest monthly statistics released by UK Finance this week show there were 622,000 transactions — £1.3billion in July alone.But the Bank of England is worried that the deals could encourage a credit bubble by tempting shoppers to spend too much, knowing they can pay it off without incurring interest.As a result, lenders have begun to clamp down on deals, cutting both the length of time the zero per cent offer is valid for and who qualifies.A ClearScore spokesman said: “When you’re dazzled by the prospect of interest-free spending or transferring a debt, it can be all too … [Read more...] about We offer tips on no-interest credit cards to defeat debt — plus, get a free fiver from our rewards club
SANTANDER customers were dealt a blow this week when the bank slashed the amount of cashback that can be earned from its popular 123 credit card.A cap introduced on Wednesday means the most you will be able to earn in any one month is £9.It is a huge hit to cardholders like Laura Rettie who will be around £100 a year worse off, as she tells Sun Money, below.Previously, you would get one per cent back from any spend at supermarkets and two per cent on department store purchases, without any limit.You would also get three per cent cashback on travel buys up to £300 a month.It meant big spenders could claw back unlimited amounts of money every month.But now the amount you can spend to earn cashback will be limited to £300 a month at supermarkets, £150 at department stores and £100 a month on travel.This means that customers will only be able to earn a maximum of £3 for each type of spend, amounting to just £9 a month.And as the card has a £3 … [Read more...] about As Santander 123 Credit card holders are hit by bank capping cashback we reveal best alternatives for your wallet
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?
SHOPPERS will hit the high street in droves over the next few weeks as the annual festive spending frenzy begins in earnest.Parents splurged an average of £294.65 on presents for their kids – many of which were Christmas gifts – totalling £4.8billion last year, according to new findings from Asda. Grandparents spent an average of £254.53.With the most popular toys this year including the Zoomer Robot Chimp for up to £120 and Star Wars Lego at around £80, it’s little wonder parents are feeling the pinch — or that many people have to borrow to pay for the festive season.But put Christmas on the wrong type of credit and you could still be paying for it next year.Edward Ware of StepChange Debt Charity says: “Christmas can be very expensive, but turning to credit cards, store cards and payday loans to pay for it can be dangerous.“They are designed for short-term borrowing and can be costly to manage if not paid off … [Read more...] about From credit cards to overdrafts… here are the best and worst ways to pay for Christmas this year