A no fee credit card has been launched by financial giant MBNA, and this could help many consumers to save money on the cost of their credit card bills, which will prove invaluable in the current financial climate.
Virgin Money is offering consumers the chance to save some money on transferring their credit card balances by launching a fee free 0 percent balance transfer credit card offer that could help some consumes to save a tidy sum on the amount that they have to pay.
At this time of year with the summer holidays fast approaching a rising number of parents and families may be thinking about booking a getaway. However, in the current financial climate with people trying to cut back on their spending finding something affordable may prove to be a problem.
There was good news for credit card customers that are looking to transfer the balances off their high interest credit cards onto an interest free balance transfer credit card recently, with one major provider announcing that it was extending the interest free period available on its balance transfer card.
Many consumers will be glad to hear that the Zero credit card from banking giant Abbey has made a comeback, as this card could prove ideal for those that are planning to head abroad on their holidays.
According to a recent report many consumers in the UK are still failing to switch to 0 percent credit cards in order to save money on interest, despite the ongoing financial crisis and the struggle that many households are facing when it comes to their finances.
Earlier this month the Spanish owned High Street bank, Abbey, launched a new balance transfer credit card that could benefit many consumers.
Some industry officials and consumers have expressed concern because the interest rates that are being charged on some credit cards are still rising even though the base interest rate has plummeted to its lowest level in the history of the Bank of England, at just 1 percent.
A major credit card provider is said to have secretly doubled monthly repayments for its customers according to a recent report.
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