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- Credit card providers 'putting up balance transfer fees' - 22nd October, 2008
Prudent Minds – number 1 for balance transfer credit cards
Credit card providers are making more money out of consumers during the credit crunch by hiking their balance transfer fees, it has been claimed.
According to uSwitch.com, 91 per cent of balance transfer credit cards now levy a fee, compared to 29 per cent in 2005... - Consumers 'fixated' by minimum repayment levels - 13th October, 2008
Prudent Minds – number 1 for balance transfer credit cards
Consumers often become fixated by minimum repayment levels on credit card balances and subsequently reduce the amount they choose to pay back each month.
This is the conclusion of a new study by researchers at the University of Warwick, which shows that the presence of a minimum repayment level can actually encourage consumers to pay off less of their debt, even if they can afford to repay more... - Cuts in balance transfer fees predicted - 29th September, 2008
Prudent minds – number 1 for balance transfer credit cards
Transfer fees on balance transfer credit cards could become the new battleground for companies in the market, it has been claimed.
According to MoneyExpert.com, Barclaycard's decision to cut its transfer fees on its OnePulse card could prompt more providers to do the same... - Balance transfer credit cards 'could help consumers stay afloat' - 19th September, 2008
Prudent minds – number 1 for balance transfer credit cards
Consumers struggling to "stay afloat" financially should consider balance transfer credit cards as a way of managing their debts, it has been claimed.
According to Fairinvestment.co.uk, a zero per cent balance transfer credit card could provide consumers with the respite they need from interest rates, allowing them to make inroads into paying off what they owe... - Demand for balance transfer credit cards 'still strong' - 16th September, 2008
Prudent minds – number 1 for balance transfer credit cards
Consumer demand for balance transfer credit cards is still strong, according to a new survey by Abbey Credit Cards.
The card provider found that 22 per cent of customers plan to take advantage of a zero per cent balance transfer deal in the next 12 months... - Holidaymakers 'protected' if trips are booked on credit cards - 15th September, 2008
Prudent minds – number 1 for balance transfer credit cards
Holidaymakers are being reminded that if they use their balance transfer credit cards to book trips they will be protected in the event that a travel company goes bust.
According to uSwitch.com, the collapse of the airline XL "brings a stark warning to consumers" looking to book holidays in the near future... - Credit card customers 'should avoid making minimum repayments' - 10th September, 2008
Prudent minds – number 1 for balance transfer credit cards
Credit card customers are being urged not to simply make minimum repayments on their plastic in order to avoid paying unnecessary interest.
According to uSwitch.com, an average balance of £1,384 could take up to 31 years to repay if the card owner only pays off the minimum amount required each month... - M&S launches new balance transfer credit card - 4th September, 2008
Prudent minds – number 1 for balance transfer credit cards
M&S Money has launched a special offer for customers signing up to its new credit card from September 4th onwards.
The provider is offering zero per cent interest on balance transfers for six months and zero per cent interest on purchases for ten months... - Credit cards used to fund overspend - 2nd September, 2008
Prudent minds – number 1 for balance transfer credit cards
Britons are using their credit cards to fund monthly overspending, according to new research from the online payment service PayPal.
It found that as a result of financial difficulties, some 78 per cent of consumers now set a monthly budget to help them manage their money...