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Holiday makers could save ten per cent on the cost of their trip, if they switch to prepaid foreign currency cards.
The Telegraph reports that the cards are safer to manage than traditional credit or debit cards abroad, with easy to understand charges if there are any.
They work just like a debit card, but as you pre-load them with money rather than using it to access your bank account, it could make it…
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Barclaycard’s announced it’s launching a new rewards scheme for more than eight million cardholders.
Barclaycard Freedom will enable cardholders to earn rewards in shops, restaurants and online retailers across the UK, without having to do anything to join.
Customers will generally get 1 per cent of their transaction back in ‘Reward Money’ when they use their credit card in participating outlets.
The rewards will be in pounds and pence, rather than vouchers and coupons, and retailers who…
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The Bank of England say credit card companies and banks overestimated the number of borrowers who would default on loans and cards.
Lenders expected an increase towards the end of last year, but in fact default rates fell from October to December.
It’s as consumers have rushed to pay off unsecured loans and credit card bills, paying off £400 billion worth of debts last month alone.
The Bank of England’s expecting this trend to…
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Having a current account with a bank could make it easier to get a credit card from them, as increasingly banks are making it a condition of their credit card deals.
New figures from the UK Cards Association suggests lenders, including HSBC, NatWest and Royal Bank of Scotland, are being increasingly picky about who they lend to.
48 per cent of credit card applications were turned down last year, a 7 per cent increase on 2008, and industry experts say things like missing a payment…
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Orange and Barclaycard have teamed up to launch a new rewards credit card.
It offers the equivalent of 1 per cent cashback and has a 0 per cent balance transfer rate.
The Orange Credit Card also uses contactless technology, so customers can pay for items of up to £10 without entering a PIN.
More than 20,000 retailers now have contactless pay points, and Visa research reveals more than 5 million of these credit…
