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TotallyMoney’s exclusive credit card offer was mentioned this week by the consumer expert Martin Lewis today on BBC Radio 5 Live’s Money Makeover series.
The founder of Money Saving Expert joined BBC Radio 5 Live’s Shelagh Fogarty yesterday, as they reviewed the best money saving tips for 2012. Martin tipped the Capital One Classic card as a good means of building up your credit rating whilst avoiding pricey interest rates. Martin Lewis admitted that he had ‘not seen an offer like this before,’ and suggested the card could, ‘save you hundreds or thousands of pounds in bank charges and enable you to get back on your feet.’
The card, which is only available at TotallyMoney, offers 0% on purchases until June for low credit scorers. This exclusive deal cannot be found anywhere else and it is the only 0% card in the UK that caters for lower credit profiles.
But hurry! This unique offer is only available until January 11th!
For all the latest on the exclusive Capital One Classic card deal, see our information pages.
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The recent news around is that you actually need to start thinking about the type of fees that your bank is charging. Sure, your bank needs to make money, and they’re having a hard time doing that with the new regulations coming down from Capitol Hill. However, does that mean that you’re just going to be stuck taking whatever you can?
It’s not like this is the first time. There are fees for money orders, fees for checkbooks, fees for the ATM — including the ATMs that are outside of your bank’s network. Your bank is already hitting you up for fee after fee — even when your account was supposed to be low fee. Can they really change horses in mid-stream like that?
Sure they can — but so can you. You might want to think about the wide variety of different banks out there that offer relaxed fees. The biggest target right now is Bank of America, where they charge customers for using their own in-bank ATM network as well as hitting them for the debt card swipes.… Continue To Read This Post..
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Technologies such as chip-and-pin helped to reduce debit and credit card fraud by 9% in the first six months of 2011, according to data collected by the UK Cards Association.
Fraud detection software and updated the rollout of chip-and-pin systems abroad helped push the amount lost to card fraud in the first half of this year to £170 million, the lowest figure since 2000 and 9% down on the same period of 2010.
The data suggests that frustrated fraudsters are resorting to low-tech methods to scam money out of unsuspecting consumers. Phone banking fraud increased by 48% to £8.6 million over the past year, while the amount of money spent on lost or stolen cards rose by 20% to £26 million.
Police say more con-artists have been grabbing cards in shops or at cash machines without the owners noticing, or tricking them into revealing their PIN.
Cheque fraud losses increased from £14 million in the first half of 2010 to £16.4 million during the same period in 2011.
Despite the progress, scammers have not completely abandoned high-tech fraud methods. The… Continue To Read This Post..
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Prepaid card users have been warned that they are not covered by the Financial Services Compensation Scheme (FSCS) and would not receive any compensation if their card provider went bust.
The FSCS, which was set up to protect savers in the event that their bank experiences problems, said it was prompted to speak out after the budget airline Ryanair announced the launch of its own prepaid card, which will be the only way its customers can avoid card transaction fees when booking flights.
No credit check is required to apply for prepaid cards, which have been rising in popularity over the past few years, and it is impossible to take out an overdraft on one or spend more than has preloaded, meaning card users cannot get into debt
The FSCS stressed that it does not cover prepaid cards or e-payment cards and should the provider become insolvent, any funds loaded onto the card would not be protected.
Mark Neale, chief executive of the FSCS, said: “In recent years, pre-paid cards have become increasingly common, especially for those people who are… Continue To Read This Post..
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The budget airline Ryanair was criticised by consumer groups over the weekend after announcing that customers will only be able to avoid its booking fees in the future by using the company’s own prepaid credit card.
Ryanair passengers had been able to avoid its credit card booking fees by using a prepaid credit card, but from November only those using the airline’s Cash Passport card will be able to dodge the £6 per flight charge.
A family of four can end up paying £48 for a return trip in credit card fees alone when booking with Ryanair.
The move comes after the Office of Fair Trading (OFT) upheld a supercomplaint from the Consumer Group Which? into the practice of card surcharges.
Which? executive director Richard Lloyd said: “With this change Ryanair has made it even more difficult for customers to avoid a surcharge when they pay for their flights. With most airlines yet to drop card surcharges and some introducing new fees, it’s time for the government to put a stop to this.”
“A minor change to the law is… Continue To Read This Post..
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Buying a home is the American dream. If you want to achieve that dream you must have good credit. This means you need low credit card debt and make enough money to pay your bills. If your credit is not looking so good, you may need to consider waiting before you apply for a mortgage.
Your credit says a lot about you and how responsible you are. If you are currently behind on bills or have been in the past, it does not reflect well on you. Mortgage companies want to know that you can pay the bills that you have. They do not want to loan you money if you already show a poor history of repayment. It also does not look good if you have a lot of credit card debt. When lenders see this they automatically think that you are living off of borrowed money, and spend more than you should.
Before you apply for a mortgage you will
… Continue To Read This Post..
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Swiss Air and Lufthansa have decided to start charging UK customers for using debit and credit cards just weeks after the Office of Fair Trading (OFT) ruled such fees were unfair and misleading.
The OFT recommended that the government take steps to ban traders from charging customers more than it costs them to process payments after a super-complaint from the consumer group Which?.
The two airlines plan to introduce a flat fee of £4.50 for all card payments from 2 November despite the watchdog’s ruling.
Executive director of Which?, Richard Lloyd, said: “It’s unbelievable that two airlines have introduced these card fees just weeks after the OFT agreed with us that they are unfair and misleading.
“Just one simple change to the Payment Services Directive would put an end to debit card surcharges for good. The Treasury must act quickly to do this before other airlines and businesses jump on the bandwagon and start charging these excessive fees.”
Which? say it costs a retailer no more 20p to process a debit card and no more than 2% of the transaction… Continue To Read This Post..
