Vanquis Bank is to pay 1.2 million customers about £169 million in refunds and a further fine of £1.9 million following an investigation into its credit card repayment add-on by the Financial Conduct Authority.
Credit card customers struggling with persistent debt are to be offered extra help by lenders, under new rules introduced by the Financial Conduct Authority.
A new debit card which lets you connect your existing debit and credit cards to it and can help with budgeting has now launched – but there are a couple of drawbacks to be aware of before you get one.
A MoneySaver who racked up £180,000 in debt on loans and credit cards has told how she finally became debt-free 12 years later, thanks to the debt charity Stepchange and help from the MoneySavingExpert.com Forum.
A number of big-name brands including energy firm E.on and travel giant Expedia have mistakenly charged customers extra fees to pay by credit card AFTER new rules to ban such charges came into effect, MoneySavingExpert.com can reveal.
A number of councils and businesses have continued to charge fees for credit card payments even after a new law outlawing the practice came into effect on Saturday, MoneySavingExpert.com can reveal – while other big brands have been wrongly warning customers they'll be charged.
From Saturday you should no longer be charged a fee for opting to pay by credit or debit card – but companies will still be able to add booking or admin fees as long as they also apply to other forms of payment.
American Express Platinum customers who took out their credit card between August 2015 and August 2016 will see their cashback cut next year, to match what other existing customers and new customers already get.
20 November 2017
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