The first credit card to charge a flat fee rather than a rate of interest has launched, aimed at those struggling to build a credit score. The card, from 118 118 Money, has a tiered monthly charge depending on the credit limit, but does not have other charges such as late payment or returned payment fees. Unusually for a credit card, there are also no fees to withdraw cash. It costs £8 a month for a £250 credit limit, £14 a month for a £500 credit limit and £17 a month for a £1,200 credit limit. As customers' credit ratings improve, they are offered higher limits. Whether or not this represents a good option depends on the situation. Someone borrowing with a £250 credit limit would incur £96 in fees a year, the £500 credit limit option comes with £168 in fees a year and the £1,200 option would cost £204 in fees a year. This is less than, or equivalent to, paying the level of interest on a regular “credit … [Read more...] about The interest-free credit card that costs £168 to borrow £300 – who is it for?
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The rapid evolution of online and mobile ecommerce is transforming the way we pay for products and services. Consumers are consistently demanding “frictionless” transactions which allow them to seamlessly shop online. But - as we transition to a cashless society - the best is yet to come... Manchester-based company ClearPay was established last October to provide shoppers with a new digital payment option, where they can split the cost of their online transactions into three equal interest-free payments up to the value of £450. John Taylor, digital marketing and group brand director for ClearPay, explained that FinTech companies like his are ensuring the demands of millennials are fully catered for. Taylor explained: “Retail payments have undergone a dramatic change in just a few years. “Consumer demand for a quick and frictionless user experience fuelled the rise in contactless payments, which now account for around a third of all card purchases. … [Read more...] about How the best is yet to come with e-commerce tech
IT'S the question many with adverse credit scores need to know, can you actually get a mortgage approved with bad credit? Here we run down the ways you can work on your credit score and what options are available to you. What is your credit score? One thing which confuses many people about credit rating is the score you are given if you check your rating. All three main credit agencies, Experian, Equifax and Call Credit, have different scoring systems AND there is no universal rating or score. The three companies have different scoring systems AND there is no universal rating or score. Experian will rate you on a scale of 0-999, Equifax from 0-700 and Call Credit from 0-710. For all three, the higher your score, the better your rating. The score is based on information in your credit report. There is no set calculation but it is based around your payment history, length of history, types of credit used and other criteria. How do I find out my credit score? This has to be the first … [Read more...] about Can you get a mortgage with bad credit, what credit score do you need to buy a house and how can I improve my rating?
SAVVY shoppers can boost the number of loyalty points they earn when they shop by paying through the Tesco Pay+ app. Customers can earn an extra point for every £4 that they spend, on top of the points they already earn. They've run the offer twice before, once when it launched in September and again in January. It ended at the end of February but it's been extended until December 31 2018. The supermarket's loyalty reward scheme lets shoppers collect points as they shop which they can then use to claim vouchers to spend at Tesco. Normally, savvy shoppers can earn one point for every £1 spent but now they can earn five points instead of four when they spend £4 via the app. Each clubcard point is worth 1p. You'll need to collect 150 points - £1.50 worth - before you can receive the vouchers during the collection period. Tesco Pay+ replaced the supermarket's PayQwiq app and links with your bank account or credit card, and automatically collects points when you use … [Read more...] about How to get 25% extra Tesco Clubcard points for the rest of the year
Think back to 2015 when the 5p plastic carrier bag charge came into force in England. There was near pandemonium even though Scotland, Wales and Northern Ireland had already adopted it. Since then, though, we’ve had a chance to get used to the idea. Bringing along a “bag for life” is almost second nature. The levy was part of the government’s plan to reduce our reliance on single-use plastic, encouraging us to reuse bags or reach for alternatives, tackling “throwaway culture” for good. On the face of it, the charge seems to have done the trick – since the scheme started the use of these bags is down an impressive 80 per cent, equating to nine billion fewer plastic bags. Plastic bags have only been in circulation for about 50 years, so for that reason it’s hard to give an exact figure of how long they take to fully decompose, but scientists have suggested it could take up to 1,000 years. Based on these figures, every … [Read more...] about 10 best bags for life