MoneySavingExpert News

Credit cards

Amex to cut cashback rates on best buy credit cards from August

The cashback changes will come into effect on 4 August for both new and existing customers. However, new users will still be able to benefit from introductory bonus rates, assuming that they haven't had an Amex card in the last two years.

10 May 2021

How to borrow at NO COST (0% interest) and maximise your protection

Lockdown's easing, retail's opening, and spending's likely to restart. Some will be able to draw on savings but others will be thinking about taking on new debt. So if you're going to borrow, we want to ensure you do it the cheapest and safest way.

10 May 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

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

Sainsbury's Bank stops accepting ALL self-employed people for credit cards and loans

Sainsbury's Bank has brought in strict new lending restrictions which mean it is no longer issuing new credit cards or loans to anyone who's self-employed

31 July 2020

Virgin Atlantic Reward+ credit card-holders to get £40 rebate

Virgin Atlantic Reward+ credit card customers are being paid rebates of £40 each – equivalent to 25% of their annual fee – due to the coronavirus pandemic

1 July 2020

MBNA credit card customers wrongly chased for 'overdue' bills after agreeing payment holidays

MBNA credit card customers who agreed a payment holiday because they are struggling due to coronavirus have been mistakenly sent text messages chasing 'overdue' payment. If you're received one of these texts you can safely ignore it – so long as you're sure your payment holiday has been confirmed

23 April 2020

Regulator warns lenders against suspending credit cards for all those in persistent debt

The financial regulator has written to credit card firms telling them to review how they treat customers in 'persistent debt'

3 February 2020

Nationwide double-charges hundreds of customers for credit card repayments

Hundreds of Nationwide customers have had their monthly credit card repayment taken twice, with one family overcharged by up to £2,500, MoneySavingExpert.com can reveal

16 January 2020