Credit cards

Nationwide credit card customers will no longer be charged for going over their limit from today, while the way it charges interest for those with balance transfer credit cards is also changing. But will other credit card providers follow suit?

RBS customers are the latest to lose out from a forthcoming cap on the fees card firms charge retailers to process transactions, as the provider has revealed it's scrapping its YourPoints credit card reward scheme.

Yesterday we learnt inflation's hit 0% for the second month running – so little surprise, borrowing costs are hitting all–time lows.

Capital One has become the first major provider to reveal it's axing cashback for some of its cardholders from 1 June as a result of a forthcoming cap on on the fees card firms charge retailers to process transactions, which fund cashback deals.

Affinion customers flogged worthless card protection are one step closer to getting their money back as the High Court of Justice has this week given approval for a creditors meeting on setting up a redress scheme to go ahead in June.

If you're one of the two million flogged worthless card protection by Affinion (often branded Sentinel), you should have received a letter informing you about a redress scheme. If you haven't had one and think you're affected, call the scheme now.

The European Parliament has today voted to cap the charges paid by retailers to card firms when debit and credit cards are used. But there are fears the savings will be pocketed by retailers rather than being passed on to consumers and that the cap could scale down cashback and reward card deals.

Lloyds Bank is the worst of the major banks and building societies for wrongly rejecting both payment protection insurance (PPI) and other banking complaints, new figures from the Financial Ombudsman Service show.