MoneySavingExpert News

Cards

Tesco Bank adds more customers to trial of new debit card that gives you extra Clubcard points - and budgeting help

Tesco Bank has quietly launched a prepaid debit card called 'Clubcard Pay', which it's currently trialling.

30 September 2021

American Express is shaking up its British Airways Avios credit cards from September - here's what it means for you

Card provider American Express is making a number of changes to its two British Airways rewards credit cards from 1 September. The shake-up will see annual fees hiked for some, while for others the spending threshold to earn a 'free' companion flight is falling - although they will now only be able to use this on economy class tickets. Here's what's happening.

31 August 2021

Warning - if your debit and credit card contact details aren't up to date, online payments could be declined due to new fraud checks

Card users are being urged to ensure their bank or lender has up-to-date contact details for them as providers begin to roll out new measures to verify transactions. If your card provider can't reach you to prove your transaction is legitimate, your payment could be declined. Here's what you need to know.

7 June 2021

Barclaycard unexpectedly cuts credit limits by £1,000s – what to do if you're affected

Barclaycard has slashed many customers' credit card spending limits this week, with one MoneySaver reporting a £16,000 cut

20 April 2021

Mastercard £14bn class action case returns to court next month - what it means for you

A £14 billion landmark class action case against Mastercard, which could see consumers receive hundreds each, is set to return to court next month.

22 February 2021

The FCA’s Chris Woolard: The way forward for buy now pay later (guest comment)

The Financial Conduct Authority's former interim chief executive Christopher Woolard CBE sets out his findings on buy now pay later products, how credit is changing and what needs to happen next.

2 February 2021

Tesco Bank to raise minimum repayments by average £20/month for up to 125,000 customers

Up to 125,000 Tesco Bank credit card customers could see their minimum repayments rise by £20 a month on average from March, in a move the lender says is a bid to combat persistent debt. For many, higher repayments are a good thing, as you clear debt quicker and pay less overall, but it can also hit cashflow and give you less flexibility. Here's what's happening and what to do if you're struggling

29 January 2021

Barclaycard increases minimum credit card repayments as major shake-up kicks in

Some Barclaycard customers could see the minimum monthly payment on their credit card jump sharply – in some cases by more than 50% – as part of a major overhaul that kicks in today. Higher repayments mean you clear debt quicker and pay less interest overall, but it can hit cashflow. Fees for UK cash withdrawals and busting credit limits have also been scrapped, plus a block on gambling introduced

26 January 2021

Barclaycard to hike minimum payments in major credit card shake-up

Barclaycard customers could see the minimum monthly payment on their credit card jump sharply in January – in some cases by up to a third – as part of a major overhaul of its terms which will also see fees for withdrawing cash and busting credit limits scrapped, plus a total block on gambling

25 January 2021