By Amy Turner on 11-04-2012
If you use a credit card for most of your everyday purchases, as well as to purchase airline tickets and other big ticket items, you want to find and use a credit card that rewards you for making those purchases. The Randolph Brooks Federal Credit Union (RBFCU) MasterCard Gold Cash Back credit card gives you a percentage of cash back on every purchase, offering you an immediate savings and discount every time you use the card.
Dont give up because you have had a hard time finding the right rewards credit card. Search for all types of cards easily and for FREE now!
RBFCU also offers two other credit cards, the Platinum Preferred Rate MasterCard and the Platinum Rewards MasterCard.
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By Jeffrey Campbell on 06-04-2012
The fans of 18 football clubs have called on their sides to stop carrying advertising by payday lender Wonga on their websites, and are encouraging the supporters of more than 60 other clubs to follow suit.
In a letter published in the Guardian, the football fans argue that while payday lenders are not conducting illegal business, “that is only because there are at present few if any laws restricting their activities in UK. Their practices would not be allowed in most other European countries, or in most of the USA.”
The fans, led by Northampton Town supporter Bob Ward and his grandson Dan, ask their clubs to seek sources of advertising revenue other “than earning money from the dubious activities of Wonga.com”, adding: “If they really wish to advertise short-term loans for their fans in these difficult financial times, then perhaps it would be better to give publicity to their local credit unions.”
Wonga is the highest profile of about 200 firms offering short-term, high cost loans which are the subject of an ongoing investigation by the Office of Fair Trading.
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By Amy Turner on 03-04-2012
When credit card holders are unable to pay their entire balance in full, they begin to incur interest on all of their purchases. As unsecured loans, credit card interest rates will never be as low as a secured loan such as a mortgage. Nevertheless, there are three things that cardholders can do to lower their interest rates.
Negotiate
Banks do not advertise the fact that, in some cases, they are willing to negotiate lower interest rates with their cardholders. To attempt to receive a lower rate, customers should contact their card issuer and ask to speak to a manager. Once the cardholder has expressed their dissatisfaction with the current interest rate, customers can inform the representative that they are considering moving their balance to a different bank that is offering a 0% promotional balance transfer.
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Many people considering refinancing their current mortgage are not aware of some key facts about the process. Here are some things to know before reaching out to any financial institutions offer remortgaging products.
One: There are more remortgage products than ever. Whilst all mortgages fall into the general categories of fixed rate or variable rate, loans come in many different configurations: capped rate, discounts, cash backs, flexloan, trackers – the list goes on. Just be sure to know the pros and cons of each.
Two: Saving on monthly repayment is not the only reason to remortgage. If one’s current deal is ending one could get hit with a large repayment increase. Check into remortgaging before this occurs.
Three: The APR (annual percentage rate) is meant to provide a more realistic look at the cost of the loan and helps when comparing lenders advertised rates. T Read more…
By Amy Turner on 25-03-2012
Sir Richard Branson’s Virgin Money, which recently bought Northern Rock, has increased interest rates on its credit cards by almost 50pc in the latest blow to consumers already hit by rising mortgage rates. 
The banking group has issued a “take it or leave it” ultimatum, telling customers to accept the rises or pay off their balances.
Rates on purchases using Virgin credit cards, provided by MBNA, have soared from 16.8pc to 24.9pc. The average credit card charges 18.9pc. Virgin has also increased rates on balance transfers, from 18.9pc to 27.9pc.
The move has been criticised by Virgin Money’s customers and comes just days after mortgage lenders, such as Halifax, raised their standard variable rates, pushing up monthly payments for tens of thousands of home owners.
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