Credit Cards Articles

Shoppers with Virgin Money credit cards could save hundreds of pounds in interest because the firm has become the latest to change its system, so expensive debt is automatically paid off first.

The move comes into force for the firm’s 2.5m customers on September 1, four months earlier than required under new rules announced by the Government and the UK credit card industry last March.

Previously, when customers made a repayment this would go towards paying off their cheapest debts.

Typically, this means 0% purchase and balance transfer deals are cleared first, followed by purchases and cash withdrawals.

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Overview

Teenagers and American Express. Not two words you typically expect to go together. Until now. The new reloadable pre-paid debit card from American Express, called PASS, is available in bright colors, with the potential to upload a photo onto the card, and is targeted at teens and young adults.

But American Express does not call PASS a debit card — and it really isn’t. This card has several advantages over many prepaid debit cards, which we’ll explore later in the article. Instead, the PASS card is more like a hybrid between a prepaid debit card and an American Express charge card.

It’s a brilliant marketing move on the part of Amex — to begin building brand loyalty at a young age. I’d recom

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Secured credit cards are a great option for people who have bad credit and need a credit card to start rebuilding. They’re also good for those who need a first credit card to gain some positive credit history.

Check out Orchard Bank’s Secured MasterCard which has a low 7.9% interest rate and no account processing fee. If you’ve used this credit card, leave your own review.

Recommended:

• More Credit Card Reviews
• How to Choose a Secured Credit Card
• Pros and Cons of Secured Credit Cards

Building up credit history takes time, persistence and responsibility but if you fail to protect those years of hard work it can only take seconds to ruin your track record. Identity theft can cause severe damage to your financial future if you fail to protect yourself properly from your personal information getting into the wrong hands.

According to reports the most common form of identity theft happens through credit card fraud.

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