Category: Credit Cards
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Black Friday – What are the Best Credit Cards to Use?
The whirlwind shopping event, known as Black Friday, has now become a firm fixture in the UK retail calendar. Last year’s event was the biggest shopping day of the year, Nationwide informs us. So as this year’s Black Friday looms, it’s high time you think about how you’re going to pay for those cut-price goodies.…
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How the UK’s Favourite 0% Credit Card Deals are Changing
If you’ve been counting on a 0% balance transfer credit card to help manage your debts, there are some important shifts in the market you should know about. The Changing Landscape of 0% Balance Transfer Cards Back in October, if you wanted to move your debts to a new credit card that wouldn’t charge you…
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Martin Lewis: Save £1,000s by Using 0% Balance Transfer Credit Cards
If you have credit card debt, financial expert Martin Lewis has issued an urgent warning that could save you thousands of pounds. Lewis, known for his Money Saving Expert website, explains how using 0% balance transfer credit cards can help you become debt-free quicker. If credit card debt is making you lose sleep, there’s a…
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What to do if your credit card is closed: Protect your credit score
Credit card issuers occasionally close accounts, usually to mitigate their own risk or due to lack of activity. However, an account closure can have a negative impact on your credit. In a new article, The Independent discuss some steps you can take to preserve your credit if your credit card issuer decides to close your…
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Credit Card Interest Rates Hit Record High
The Bank of England has reported a new record high in the interest rates on credit cards. This means that credit card users in the UK will have to pay more in interest on their balances. The increase in interest rates could have negative consequences for individuals with fluctuating rates on their credit cards. Additionally,…
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Paying Off Debt – Understanding 0% Balance Transfer Credit Cards
You might think it’s odd to use a new credit card to tackle existing credit card debt. But here’s how a special type of card, known as a 0% balance transfer card, can help: What is a 0% Balance Transfer Card? Imagine you have a debt that grows bigger every day because of interest. Now,…
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Secured Credit Cards – What are They?
The Basics Imagine you’ve had some mishaps with money in the past. Maybe you didn’t pay a few bills on time, or perhaps you have a history of bad debt. Your credit score, which is like a financial report card, may not be looking too great because of this. Now, when you want to borrow…
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Save Money on Your Credit Card – Martin Lewis
Financial expert Martin Lewis provides a helpful tip for anyone with credit card debt and savings. Lewis advises individuals to pay off their credit card debts using their savings in order to save money in the long run. Lewis explains that if you have a £1,000 debt on a credit card at an interest rate…
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Poor Credit Balance Transfer Credit Cards
Martin Lewis at MoneySavingExpert has written an updated guide to credit card balance transfer, including suggestions for cards suitable for people with bad credit. What Is a Balance Transfer Credit Card? A balance transfer credit card lets you move your existing credit card debt to a new card, but with a big advantage – you…
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Credit Builder Cards: A Solution for Poor Credit
What Are Credit Builder Cards?Credit builder cards are designed for individuals who either have a poor credit history or no credit history at all. They provide a small amount of credit that, if used responsibly, can help rebuild or establish a credit score. Why Are Credit Scores Important?A credit score is a record of how…