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Barclaycard Release 31 Month Balance Transfer Card

Friday 7th February 2014: In response to the balance transfer credit card price war between Halifax and Barclaycard, Will Becker, CEO and co-founder of TotallyMoney.com, comments: “As Halifax battles to steal the number one spot in the 0% balance transfer credit card table with the launch of a 30 month offer, Barclaycard sends a clear…

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A Holiday To Tenerife Could Take Consumers Ten Years To Pay Off

With 11%[1] making minimum repayments on credit cards each month, this is the debt sentence travellers could face Holidays on credit: Consumers are predicted to put 8%[2] more of their holiday spend on credit cards this year, racking up a total bill of £9 billion. This represents more than a quarter (27%) of total overseas…

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Credit Card Spending Set to Rise by 8% in 2014

As consumer confidence grows, research reveals UK credit card holders are set to rack up a bill of £86 billion Retail spend: With total retail spend[1] predicted to rise by 3.4% to £331 billion this year[2], credit card spending is set to account for more than a quarter of this (26%), the highest proportion since…

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Cap on Payday loans costs is a step in the right direction, but how many more people will be fleeced while we wait for the ruling to be implemented?

LONDON, November 25th, 2013. In response to today’s announcement from the Government to introduce a new law to cap the cost of payday loans, Will Becker, CEO and co-founder of TotallyMoney.com comments: “At last, the Government is taking action against the damage payday lenders continue to inflict on large segments of the UK population. However,…

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Lost credit card rewards total £323 million this Christmas

LONDON, November 6th, 2013. 15.7[1] million credit card holders lose out by not using cashback or reward cards for Christmas spending. 14.6 million credit card holders who already enjoy a reward or cashback card will earn up to £300 million on their Christmas shopping. This leaves 52% not earning a penny, a festive loss of…

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Cash back cut back

LONDON, October 17th, 2013. American Express ‘Platinum Cashback Everyday’ credit card customers must spend over £4,250[1] a year or they won’t earn a penny. From the 1st March 2014, American Express ‘Platinum Cashback Everyday’ credit card customers will need to spend a minimum of £4,250 a year in order to qualify for a cashback payment….

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3.3 Million1 credit card customers trapped as applications are rejected

LONDON, September 25th, 2013 In the next month alone, these rejections could cost British consumers £1082 million in interest. Of those declined in the last year, 36% stuck with their existing deal to avoid risking another rejection, but 22% immediately went on to make another application with little consideration for the consequences. Almost one million3… Read