The number of credit cards that provide cashback incentives has continued to fall, as providers have struggled against EU legislation which caps how much they can charge retailers. The number of cards offering some form of cashback has dropped from 87 to 61 in the last two years, according to data provider Moneyfacts. The drop-off can largely be attributed to to EU legislation introduced in December 2015, which limits the amount that card companies can charge retailers for using their services. In turn, this has restricted the cashback and rewards that can be offered, as it is no longer profitable for card companies to do so. Although cashback deals have been cut, there are still a handful that offer users the chance to earn as they spend. Here are five of the best, hand-picked by Telegraph Money. American Express Platinum Cashback This offers 5pc cashback for the first three months, capped at a total of £125. Account holders will get between 1pc and … [Read more...] about Cashback credit card deals continue to disappear: here are five of the best remaining
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BRITS love nothing more than sticking a big purchase like a holiday on their credit card. But if you've had your card for a while you're probably racking up lots of interest and struggling to clear your debt. You might also be one of the 1.6million Brits who only pay the monthly minimum payments, meaning your balance takes longer and longer to pay off. Well with a 0 per cent balance transfer card you can stop accruing interest and clear your outstanding debts more quickly - and more cheaply. You can save potentially thousands of pounds if you use a balance transfer card properly but what do you need to know? The Sun Online looked at the best deals available on the market. The balance transfer cards with the longest 0 per cent period These cards give you the chance to pay-off your debt over more than three years. But be warned - only those with the very best credit ratings will be offered such a long deal - so even if you apply and are accepted, you could be offered a smaller … [Read more...] about Debt-busting balance transfer credit cards offering up to 36 months 0% interest
Savvy credit card users can pocket up to £45 by using a little-known trick when signing up for a new credit card. The secret is to use a cashback site to make your application. Cashback sites essentially pay you to do your online shopping by taking advantage of the way commercial payments from one website to another work. They use affiliate links which allow the retailer to track where leads and sales are coming from, and then split the resulting commission with the customer. Where to go to find the money TopCashback and Quidco are the two biggest players in the cashback market, and both offer eye-catching deals in a bid to outdo one another. You’ll need to set up an account with TopCashback or Quidco to get going but this is easy and takes just a few minutes. Once you’re up and running, just click on the cashback deal you want and you’ll be taken to the retailer’s website to make your purchase or application as usual. Cashback deals tend to be for a … [Read more...] about How to bag £45 for yourself now and get interest-free credit for 36 months
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?
Millions of Brits feel they are ‘living beyond their means’, a study has found. Researchers discovered a large percentage of the nation fall back on credit cards and overdrafts when wages fail to last until the end of the month. Of the 2,000 Brits surveyed, 43 per cent have a credit card to deal with excess spending, 10 per cent have an overdraft and 20 per cent have both as provisions for when times get tough. Credit card holders who took part in the research admitted racking up around £269.17 per month on their card in an attempt to get by. Of those with an overdraft, 17 per cent often find themselves dipping into the red as pay-day approaches. James Buttrick from Vantage Leasing said: “It’s a sad fact that most of us are familiar with the feeling of purse strings tightening as pay day fades into a distant memory. “When funds are running dry, most Brits have a fall-back set up which they can plunder as needed, but this shouldn’t be seen as a … [Read more...] about Millions of Brits use credit cards and overdrafts to make it through the month