MONEY Saving Expert Martin Lewis has shared some tips about tackling your credit card fees. By Christine Younan/Published 17th December 2018 MONEY SAVING EXPERT: Martin Lewis revealed information about credit card fees (Pic: GETTY) Christmas is an expensive time of the year, with Brits looking for many ways to save money.Many people will use credit cards to help pay for all the food and presents over the festive period, and now Martin Lewis has revealed how you can cut your credit card debt and save hundreds.Posting on MoneySavingExpert, the 46-year-old claims if you’ve got an outstanding credit card debt, cutting the interest means your repayments clear the actual debt.And the key thing you can do to achieve this is a 0% balance transfer, where you get a new card to pay off existing cards. So you still owe, but interest free. Related Articles Tesco launches 50% off toys for Christmas – here are the best deals Money Saving Expert Martin Lewis reveals how to boost your … [Read more...] about Money Saving Expert Martin Lewis reveals how to save HUNDREDS on your credit card debt
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Christmas is a very expensive time of year, with many of us looking to save cash where we can. Many of us will be using credit cards to help pay for all the food and presents and now Money Saving Expert Martin Lewis has revealed how you can cut your credit card debt. Martin says if you've got outstanding credit card debt cutting the interest means your repayments clear the actual debt, so you can be debt-free faster. The key thing you can do to achieve this is a 0% balance transfer, where you get a new card to pay off existing cards, so you now owe it, but interest-free. Martin advises one card in particular that is best for this - The Santander 27mths 0% no fee - and it's not an 'up to'. Martin says: "Most 0% balance-transfer cards charge a one-off fee, as a % of the debt shifted. However, Santander is 27mths 0% with no fee. So shift debt there correctly and it's totally cost-free. "A few longer-0% cards are available. My mantra has long been 'get the card with the lowest fee in the … [Read more...] about How to save hundreds off your credit card fees according to Money Saving Expert
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?
In 2013, the average cardholder had 4.1 credit cards but only 0.1 charge cards, according to the Federal Reserve Bank of Boston. Clearly, most Americans are not clued in when it comes to charge cards. It makes you wonder whether they're missing out -- or whether charge cards just aren't worth it. Image Source: Getty Images. Charge cards vs. credit cards vs. debit cards Does It Build Credit? Does It Offer Fraud Protection? Does It Offer Purchase Protection? Does It Charge Interest? Is There an Annual Fee? Does It Offer Rewards? Debit cards No Sometimes No No No No Credit cards Yes Yes Yes Yes Sometimes Sometimes Charge cards Yes Yes Yes No Usually Yes Charge cards are like a hybrid of debit cards and credit cards. Overall, charge cards are comparable to credit cards, except that charge cards have to be paid off in full each month, whereas credit cards don't. Charge cards also offer the superior protection that makes credit preferable to debit in many circumstances. … [Read more...] about Charge Cards: Better Than Debit and Credit Cards, or a Waste of Money?
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?