Credit cards

Abbey will reintroduce its Zero credit card on Monday just in time for the holiday season. It is now our top-pick credit card to use overseas.

Consumers hoping to get their loan or credit card debt wiped off or reduced via the courts by exploiting loopholes in legislation have been warned by a lawyer that they’ve little chance of immediate success.

The body that regulates solicitors has warned that a number of adverts which claim to offer an easy route to getting your credit card or loan debt wiped out could be misleading.

Egg Money cardholders will see the interest they earn on in-credit balances plummet from a top-paying 4% at present to nothing by mid-May.

Halifax has relaunched its cashback credit card, which pays users up to 1% of the amount they spend on it. For every £100 you rack-up on groceries or fuel, you’ll earn £1 (or 50p if you spend on anything else), up to a maximum of £150/year.

Lenders will be banned from selling loan insurance within a week of selling a credit card or loan, it was announced today.