Tag Archives: Credit Card

Post Office credit card one of few left not charging for use abroad this Easter

Many people will be getting ready to go away for the Easter holidays, but those who are planning a trip abroad should beware the cost of using their debit and credit cards in a foreign country, industry experts have warned.

Most implement a fee when used abroad, some as much as 2.99 per cent of the purchase or transaction, according to Michelle Slade of Moneyfacts.co.uk, which is applied each time the card is used and can soon mount up.

There are now very few which offer fee-free foreign transactions, Moneyfacts’ research has revealed, with Nationwide Building Society ending its rare no-fee policy in May this year. Read the full post

Chase to Refund Controversial Credit Card Fee

Credit card defaults have risen sharply as the unemployment rate swells, raising the concerns about billions more in loan losses. JPMorgan Chase is one of several major credit card issuers who have added fees, cut credit limits, raised interest rates and changed terms to help manage riskier cardholder accounts. Nearly 400,000 Chase customers were notified in January that they would be charged a $10-a-month maintenance fee to keep their account open. Adding insult to injury, Chase raised the minimum payment from 2% to 5% for those same customers who were carrying an outstanding balance.

Reflecting the struggle that credit card issuers are experiencing with risky borrowers, the controversial maintenance fee will be refunded to JPMorgan Chase & Co. low-

Read the full post

New 20% Cash Back Credit Card Debuts in North America

1% or 5% cash back credit card? How about a 20% cash back card? While rumors have been buzzing for months about this card, today they were finally put to rest when the “Twenty from American Express” was revealed at a corporate press conference for the new credit card. The card will feature 20% cashback on the first $20,000 in annual purchases in a broad array of categories, including gas, groceries, travel, restaurants, mortgage payments, cosmetic surgery, and more. After that amount, the cashback will be 1%.

The Twenty from American Express will only be available to those very best credit scores (830 and above). The

Read the full post

Down with Credit Card Debt – How to improve your situation?

Is Credit Card Debt Burdening You?
Are you one of those who pile up all their expenses in their credit card bill? Don’t you follow any method to curb your credit card purchases? Has the outstanding liability started pinching your pockets? So, you have started facing the trouble of credit card debt bothering and burdening you. Many tend to forget the fact that cards are basically emergency genies that help you go ahead with a purchase or payment even when you do not have the money to meet the expense. Unfortunately people started using credit cards for all their expenses and in the course loose track of their expenses. T Read the full post

Lowering Credit Card Debt Tips

When it comes to credit card debt the light at the end of tunnel may seem laughable at best, but there is a way out if you know some tricks and tips to getting out of credit card debt. With these four quick tips you can be on your way to debt free future. The four tricks we’ll cover are debt negotiation, pay off plans, credit card debt consolidation and credit counseling.

Pay off plans are a great way to pay off credit card debt on your own while still maintaining a decent to good credit standing and not defaulting on your accounts. Essentially what you want to do is pay all the minimums on your accounts and pay as much as you can on the account with the highest interest rate. O Read the full post