The Co-op will punish credit card customers who legitimately reject an interest rate rise by demanding they repay costly debts in just six months. Otherwise, they must accept the initial hike.
A major credit card shake-up starts tomorrow with MBNA set to end a long-standing stealth charge that penalises those who spend on their card after making a cheap balance transfer.
Millions of Britons jetting off on their summer holidays should call their credit or debit card company before leaving to help prevent their plastic getting blocked.
20 July 2010
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