MoneySavingExpert News

Cards

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

Martin Lewis' 'how to slash all debt costs' January masterclass

Can't afford to clear your debt? You can't afford not to try to move it to 0%, MoneySavingExpert.com founder Martin Lewis writes. You could save £1,000s on credit cards, mortgages, overdrafts, loans, store cards, buy-no-pay-later (BNPL) and more - here's how

21 January 2021

Virgin Money to axe online credit card services next month - how it affects you

Virgin Money is axing its online services for credit card customers on 31 January, with borrowers encouraged to manage accounts using the provider's app instead. Here's what's happening and what you can do about it - particularly if you don't have a smartphone

14 January 2021

Paying your Netflix bill on time could boost your credit score under new scheme – but how good is it?

Consumers can now choose to have transactions such as Netflix subscriptions factored into their Experian credit scores, which it says could help more people access financial products

17 November 2020

Nationwide to scrap cashback on its credit cards

Over a million Nationwide credit card holders will lose their 0.25% cashback deal in December, as the building society is scrapping this perk for its Select and Cash Reward cards

30 October 2020

Barclaycard gives rebates to 1,000s of customers after it 'may have' set their credit limits too high

Thousands of Barclaycard customers will receive rebates of £230 on average, after the firm admitted it had failed to meet "expected standards" for assessing some customers and "may have" set their credit limit too high

30 October 2020