VIRGIN Atlantic has boosted its sign up bonus for new credit card customers, offering enough miles to cover a free return ticket to New York or the Caribbean. Customers applying for the airline's Virgin Atlantic Reward Card can now earn up to 10,000 Flying Club rewards miles while the premium Rewards+ card offers a generous 25,000 free miles. The airline has previously only given new customers 5,000 bonus miles for the Reward Card or 15,000 bonus miles for the premium Reward+ card. The new offer is for new customers who sign up on or before December 14. If you already have one of the cards you can still qualify as a "new customer" as long as you're applying for the other of the two cards on offer and you signed up more than six months ago. But as usual with attractive deals, there are a number of catches you need to consider before applying for the credit card. For example, the offer gives you thousands of air miles for free but taxes and surcharges apply when you book a ticket. Virgin … [Read more...] about Virgin Atlantic’s airline credit card is giving away enough air miles to fly to New York for free
New credit cards coming out
EXPERIAN is set to launch a new online tool, which means you'll be able to see the real interest rates that some credit card lenders are offering before you apply. At the moment, credit card providers only have to give 51% of their customers the representative APR that they advertise. The remaining 49% could be offered a higher rate, which they won't find out until they've completed an application, according to the credit reference agency. But with the new comparison service, Experian says users will be able to see the actual interest rate they will be charged before they apply. The new price comparison feature, which will be free to use, is set to launch over the next couple of months. Experian has said that customers should look for a "star" next to the price comparison results , which means they will be offered the advertised rate. How to apply for a credit cardHERE's what to consider when applying for a credit card. Figure out what sort of card you need - There are several … [Read more...] about You can find out what interest rate you’ll be charged on a credit card with a new online tool
New rules regarding credit cards and people in debt for more than 12 months have now come into place and will be enforced by the Financial Conduct Authority (FCA). The rules will impact anyone who has been in debt for more than 12 months and could mean your credit card company being ordered to wipe out a huge chunk of your debt - and stop adding more debt to your account. The rules were put into force on March 1 this year and credit card companies had until September 1 to put them into action, reports the Daily Mirror . According to the Financial Conduct Authority, these are the new rules After someone has been in persistent debt for 18+ months : Lenders must contact customers, prompt them to change their repayment and alert them to the fact that their card may be suspended if they follow the same repayment pattern. After someone has been in persistent debt for 27+ months : The person will be sent a reminder of the information outlined above. After someone has been in … [Read more...] about New credit card rules you need to know if you’re in debt
Apple has partnered with Goldman Sachs to launch a joint credit card, reports out today have stated. The card would have Apple Pay's branding and could come out as early as next year. The report in the Wall Street Journal stated that if the deal went through, Apple would replace its rewards-card agreement with Barclays. iPhone maker Apple has turned its attention onto services including on the App Store, mobile payment and music streaming recently, as the unit's revenue grew more than 31 per cent to over $9bn. Meanwhile, Goldman has set its sights on expanding its consumer banking business, as last year its top dogs set a target of growing revenue in new sources, including consumer banking, by $5bn. Goldman declined to comment. Apple have been contacted for comment. … [Read more...] about Apple partners with Goldman to launch joint consumer credit card
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?