Avoid booking fees with prepaid credit cards

A no-frills airline’s been slammed by the Office of Fair Trading for advertising fares without mentioning the cost of booking by credit and debit card. Ryanair charges £5 per person per flight, adding £40 to the cost of a holiday for a family of four, unless you pay with a Mastercard prepaid card. Until last month the free option had been to use an Electron card, but in December Ryanair switched it to the new pre-paid cards. A legal loophole means the airline can legally advertise flights without mentioning the payment fees that everyone except pre-pay customers will incur.

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HEADING FOR WINTER SUN? Avoid hefty overseas credit card charges with the Travellers Cash Card from ICE

The endless stream of wet and windy weather will have more people reaching for their passports and flying off for some winter sun, but be aware of foreign usage charges on credit cards, warns International Currency Exchange (ICE). Don’t get stung with extra fees on overseas ATM withdrawals, pack the ICE Travellers Cashcard – no charges, no fuss. “At this time of year, all the great holiday deals make it more affordable than ever to head off to warmer climes,” says Andrew Hamilton, Head of Marketing at ICE. “However, major credit card issuers often increase their charges for customers using cards to …

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Ways to avoid a poor exchange rate

A weak pound and poor exchange rates can make some holidaymakers think again before jetting off abroad. Growing concerns about a hung parliament after the summer's general election have pushed the pound to new lows against the dollar this week. How can you protect your holiday budget from any further depreciation? Well, prepaid travel money cards can be loaded with local currency and are safer then carrying around lots of cash. And travel money and travel currency cards can also cut out expensive charges that normal credit cards make on cash withdrawals and general spending abroad.…

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Be aware of your overseas shopping limit this Christmas

With Christmas fast approaching, it is set to be an expensive couple of months for most of us. Some people are even trying to save money by doing their Christmas shopping abroad this year. If you’re planning a Christmas shopping trip, or if you’re buying gifts online from non-EU countries, then it’s important to know how much you can spend before you have to pay import duty or VAT. It can be tempting to buy online from outside the EU, as the goods on offer can seem like a real bargain. But HM Revenue and Customs are warning that if you spend more than £15 on something from a non-EU seller, either…

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Baby-Boomers Expect to Die in Debt

The over-55s, the Baby Boomer generation, are struggling to clear their debts before retirement, a new study reveals. The Real Retirement Report by Aviva showed one in seven of this age group expects to never be debt-free. A further 23 percent admit they do not expect to be debt free until they reach 75 years old, while 15 percent said they never expect to repay what they owe. “While there isn’t one single cause for people’s money worries, the combination of economic and social factors over the last year has impacted on many individuals’ plans for their retirement years,” said Clive Bolton, Aviva spo…

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Bad Credit Rating Credit Cards

Millions of consumers with a bad credit rating were refused credit in 2010, research showed, as the high cost of living burdens many with debt. The economic downturn has seen inflation rise and benefits reduced, while pay freezes and redundancies continue to be felt. Moneysupermarket revealed almost 4.5 million Brits were refused credit last year, while those who have credit cards are unable to repay the debt they have racked up on it. A study by Gocompare showed 22 percent will be struggling to pay back the debt they owe on their credit cards this year – a situation which will reduce their c…

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A bad credit score could end your hopes of owning an iPhone 5

Tech-savvy consumers looking to invest in the latest smartphone handset or the iPhone 5 could be left disappointed if their credit score is not up to scratch. Mobile phone contracts Rumours are currently rife in the tech-world that the launch event for Apple’s latest handset will take place next week. Apple recently sent out invites to selected journalists, inviting them to an event on September 12 in New York. The invitations, which say ‘It’s almost here’, have fuelled rumours that the new version of the iPhone will be launched next Wednesday. The new handset is expected to cost more than £500 – …

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Bad Weather Hits UK ‘Staycation’ Prospects

Coming hot on the heels of a report that showed less than a quarter of holidaymakers who spent their break in the UK felt it ended up costing them less than going abroad, there is now more bad news for the UK’s domestic tourism industry. StaycationThe rise in popularity of the ‘staycation’ looks likely to stall this year as a new survey reveals that at least 40% of Brits intend to fly out on holiday in 2013. The findings from the MyVoucherCodes.co.uk survey highlighted the fact that over half of the people on a ‘staycation’ said it was “more expensive” than their previous foreign trip and a fifth said th…

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A Balanced Diet is Cheapest

New figures reveal eating a balanced diet is cheaper than an unhealthy one high in fat. Over the last five years, BM Savings shows a traditional English breakfast has increased in price by 33 percent, from £12.40 to £16.55 on average. In comparison, a health conscious person who eats five a day of fruit and vegetables, will have seen prices almost double from £5.39 to £8.85, indicating those with a balanced diet will have been impacted the least by rising food prices, with an average rise of 18 percent. “With the cost of everyday living continuing to rise, many savers are concerned about the effec…

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Bank account customers get rewards

Leading banks are focussing on existing customers, as the Halifax and Royal Bank of Scotland offer new deals to their current account customers. Anyone with a Halifax Ultimate Reward account or who put at least £1,000 in their account every month will be eligible for rewards which could make them £350 better off in the first year. The bank says customers can get better deals on savings, will benefit from reduced mortgage rates and get a more competitive deal on their credit cards. It's as the Royal Bank of Scotland announces its own similar scheme, with their 'Exclusives' range of deals, also f…

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Bank account market set for shake-up

Current accounts have come in for criticism by competition experts in recent months, but a new bank and the revival of an old name look set to shake up the market. The Post Office has announced a major overhaul of its banking and financial services, worth nearly £2 billion. At the same time, a new high street bank is about to open its doors for the first time in 150 years. Metro Bank is set to launch within weeks, according to the Daily Mirror. The new bank aims to be more customer-friendly with opening times of 8am-8pm on weekdays and offering to issue credit cards, debit cards and temporary …

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