0 Have your say Tens of thousands of credit card holders with Lloyds Banking Group are to have their credit cards stopped amid fears that their details may have been hacked through the Ticketmaster data breach. The Edinburgh-headquartered banking group said that around 1 per cent of its credit card customers were affected by the summer breach, in which the company found malicious software was exporting customers’ data to an unknown third party.However, some customers complained that their cards had been stopped without any warning, saying they had been left unable to pay for items in shops or online.The bank says it informs customers that it recommends reissuing their cards - and gives them five days to decide if they want to do so - and said it would look into cases of anyone who claims they have not been consulted.Ticketmaster warned in June that a large number of people who bought, or who had attempted to buy, tickets through its website between February … [Read more...] about Bank of Scotland credit cards cancelled without warning after Ticketmaster breach
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Barclaycard will no longer penalise customers who choose to make new purchases on a balance transfer card. Balance transfer cards let customers move debts from other providers and tend to come with an interest free period. However, those who also make new purchases on their card are typically hit with high interest charges unless they are able to clear both the new spending and the existing debt by the end of the month. However, Barclaycard has abolished these additional charges, meaning that no extra interest will accrue as long as customers pay off their new spending at the end of the month. Barclaycard said it was the first to implement this policy, which could eliminate the need for consumers... Register for free to read this article, or log in to your Telegraph account Register Log in … [Read more...] about Barclaycard axes interest charges: what are the best credit cards on the market?
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?
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?
ALREADY dreaming of getting away from the British winter and heading for the beach? If you're going anywhere abroad, it pays to get a specialist travel credit card - if you don't you could be hit with various hidden charges when you're getting a bit of sun. Why can't I use my normal credit card for spending overseas? You can - but if you do it's likely you'll be hit in the pocket with fees provider's charge you for using it overseas. There are lots of different fees but the major one to look out for is something called a "non sterling transaction fee." This will typically add anything between 2.75 to 3 per cent to the cost of any purchases you make when abroad, money expert Andrew Hagger told The Sun Online. You shouldn't withdraw cash on a credit card unless you have to - at home or abroad - but if you do on a normal credit card you'll also face more fees if you take money out of an ATM and be charged additional interest straight away. With travel cards, you can avoid these charges - … [Read more...] about Best credit cards for holiday and spending abroad