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
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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
Choice in the credit card market is being squeezed as providers take a more cautious attitude to lending, following warnings over excessive consumer spending. Research by financial analyst Moneyfacts shows the number of interest-free purchase cards on the market has dropped by 14pc in the past year, while 0pc balance transfer cards have fallen by 21pc. The Bank of England has repeatedly expressed concerns about the level of consumer debt in the UK. Customers are also holding this debt for longer. Research from the Financial Conduct Authority (FCA) has shown that affluent borrowers are more likely to be incurring debt on 0pc cards than those on low incomes. Charlotte Nelson, of Moneyfacts, said credit card providers started to pull some of their top 0pc balance transfer cards last year and that some of the most attractive 0pc purchase cards were now disappearing. “There are growing concerns from the Bank of England that borrowers are getting themselves in a spiral of debt,” … [Read more...] about Credit card market feels the crunch as top deals disappear
IT'S fair to say Brits' love affair with plastic shows no signs of ending. Millions of us don't think twice about reaching for our credit card for everyday spending or splashing out and putting the summer holiday on it. In total, we've got an eye-watering £61billion in outstanding card debt but what about when the bills finally come through the letter box? There are increasing concerns that Brits are carrying too much debt with watchdog the Financial Conduct Authority (FCA) warning that five million of us are struggling to to clear their debts. But there is a way you can cut the cost of your bills - potentially by thousands of pounds - and interest payments by switching your debt to a balance transfer card. There's a few things you need to be aware of but if you use them properly, they can make a real difference to the cost of your debts. Here's what you need to know about how you can save thousands of pounds. What if you could get a credit card that helps you pay off your debts? … [Read more...] about The easy way you could save THOUSANDS when paying off your credit card