Myvesta UK Articles

On 5 April 2006, the Office of Fair Trading announced that any penalty charge over £12 in a standard credit card contract was likely to be unfair. This led to large numbers of people being advised to ask their credit card providers for information, held as part of their old credit card statements, to find out how many times they have been charged more than £12 so that they can reclaim the difference.

Some people will tell you that even one credit cards is too many and if you have problems handling credit they are correct. However most people are able to safely handle credit cards, if they do not get too many of them.

People on 0 per cent balance transfer introductory periods may not be aware of the severe penalties a single missed payment can result in. These credit card holders could be stung with unexpected interest payments if their credit card is one of the cards that revert back to the typical APR after defaulting on a repayment."

I've been using the 0% deals for a while now as a rate tart but now that I'm debt free I've started to stooze.

Credit cards are to be withdrawn from 161,000 Egg Customers. The internet bank is writing to 7% of its customers to give them 35 days notice of the withdrawal.

With banks suffering major losses as a result of the subprime mess, cardholders carrying balances could be an easy target for immediate cash injections to the bank.

Debit card, credit card, prepaid. How you get them, how you use them.

Once upon a time when debit cards were first introduced you could easily tell what they were. They usually had the bank logo on them, your account number and your name. However time never stands still for long and things have changed through the years so that today almost all debit cards look like credit cards. They have credit card logos, they can be used anywhere to purchase things including on the internet but although both cards look and act in the same manner but when it comes to consumer protection there are some subtle differences.

Our friends at MasterCard are working on the purchase transporter using technology from Star Trek but until that is ready to release we’ll just have to assimilate the new PayPass card.

Chip and PIN cards were introduced into the UK in 2004 and billed as the safer and fraudulent proof credit and debit card. I wonder if the banks thought that the change would satisfy government or create more confidence in consumers to use the transaction cards.