Santander Offers the Longest 0% Loan on the Market

Following Santander’s addition of a 0% offer period on purchases for 18 months on the 123 credit card, Will Becker, CEO of TotallyMoney.com the credit comparison website comments: “The addition of a 0% purchase offer for 18 months on the 123 credit card is an interesting move by Santander.  Generally speaking we would recommend using …

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Credit Card Customers Incur £214 Million of Cash Withdrawal Charges

Despite record low interest rates, the cost of withdrawing cash on credit cards is £21 million more today than in 2010 Individual cost: One in five credit card holders make cash withdrawals on their cards each year. Making an average of seven withdrawals a year for £90 each, it costs at least £214 million in …

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Bank of Scotland’s New BT Card Offers the Lowest Fee, but Not the Biggest Savings

In response to the launch of the Bank of Scotland’s (BOS) new Platinum balance transfer credit card launch with a 0.70% fee, Will Becker, CEO of TotallyMoney.com, comments: “As the balance transfer battle rolls on, the new BOS Platinum Balance Transfer credit card may look like a strong competitor for Nationwide’s current market leader but …

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Dumfries Crowned Credit Card Rejection Capital of the UK

Research reveals almost two thirds of credit card applications in this region were declined in the past 12 months National rejects: In the last 12 months, 61% of all credit card applications across the UK have been declined, a figure that shows signs of post-recession misplaced confidence as it creeps up from 59% the previous …

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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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13 million shoppers expected to hit the high street on Saturday 21st December

LONDON, December 19th, 2013. Research reveals a credit card extravaganza as 2.98 million of these consumers rack up a £300 million bill. The busiest high street shopping day this year is expected to be Saturday 21st December with 13 million panic stricken consumers set to spend a total of £1.31bn[1] or £1.8 million per minute. …

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Meltdown on Friday 13th with Credit Card spend set to peak at £400 million

LONDON, December 12th, 2013. Consumers will have a ‘fan-plastic’ time as they are expected to carry out over nine million transactions worth £42. The big day: Friday 13th December is set to be the biggest credit card spending day of the year as consumers add £400 million to their credit card debts making 9.4 million …

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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, …

Read moreCap 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?

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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One in four credit card holders miss payments on balance transfer deals

LONDON, October 28th, 2013. 25%[1] of credit card holders miss payments on long term[2] balance transfer cards and could be forced to pay 18% APR As Barclaycard unveils its 30 month Platinum balance transfer deal, the longest offer in the history of the credit card, new research from TotallyMoney.com, the credit comparison experts, reveals that …

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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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