Three of the UK's biggest banks withdrew their 0% balance transfer deals this week. NatWest, Royal Bank of Scotland and Capital One all changed the conditions of their credit card deals. For customers, this means that you will have to pay back the debt immediately to avoid incurring interest.
When you get yourself a new credit card, you'll usually be told the importance of credit card payment protection insurance (PPI). However a leading independent expert has described it as a 'useless product'.
Credit cards are one of the easiest and most popular ways to pay for goods when you're abroad. As countless ad campaigns have taught us, they can be used anywhere and they save you the hassle of picking up traveller's cheques before you leave.
Anyone embracing the fashion for skinny jeans understands the benefits of cards over cash. Just slip it into your pocket and avoid bulky change. And it looks like cards are slowly winning the battle. Figures from MasterCard show debit and credit card transactions are increasingly becoming our preferred method of payment.
