Nationwide has won ‘The Most Responsible Credit Card Lending Practices Award’ at The Card Awards.
It is the third year in a row that the building society has won the prize and among the reasons for getting it was the company’s implementation of a scheme where customers made payments on the highest rates of interest first, as well as the help it provides on a special ‘Payment Difficulties’ webpage.
The firm also won ‘The Best Achievement in Customer Service Award’ and head of credit cards Richard Napier was delighted with the accomplishment.
He said that it “demonstrates Nationwide’s commitment to providing products which are fair and transparent, such as offering our customers a positive order of payments and giving members an efficient, friendly service”.
Last month, Nationwide urged competitors to implement similar repayment systems that allocate the most expensive debts first.
Nationwide also reaffirmed it commitment to maintaining zero per cent interest on purchases and balance transfers . Read more…
19 Feb
Posted by Admin as Credit Cards
A recent report shows that people looking to refinance their mortgage loans are avoiding adjustable-rate mortgages in favor of loans with longer terms.
According to data from Freddie Mac, the fourth quarter of 2009 saw that 95 percent of home refinance loans were made up by fixed-rate loans. The high number of people refinancing into a fixed-rate loan seemed to be independent of the kind of loan they had before.
“The lowest fixed-rate interest rates in more than a generation, coupled with the comfort that a constant monthly principal and interest payment provides the homeowner, are important drivers in fixed-rate product choice,” said Frank Nothaft, vice president and chief economist for Freddie Mac.
According to Freddie Mac, the most popular type of loan chosen for home refinance was the 30-year fixed-rate loan. Read more…
The credit card wars continue to heat up and that spells “good news?for consumers. Despite rising interest rates, many issuers are continuing with their popular 0% introductory APR plans, giving new card holders a great way to save money and pay off their debts. One issuer, Advanta, has thrown the gauntlet down and is now offering an extremely low APR on balances until the debt is paid off. Let’s take a look at three Advanta offerings to find the one that has the best advant…
advanta credit cards, business credit cards, advanta business credit cards, advanta platinum
The credit card wars continue to heat up and that spells “good news?for consumers. Despite
With the financial crisis leaving many leery of the credit and lending industry, tons of consumers have opted to ditch their credit cards for cash; however, a financial expert says this may not be wise. Ray Martin, the financial contributor for the CBS’ Early Show, explained that keeping one or more credit cards in active use is important for building and maintaining good credit.
In his Early Show column, Martin noted that debit card usage surged in 2009 while credit card usage decreased nearly 50 percent.
17 Feb
Posted by Admin as Credit Cards
Do you often shop at David Jones? Do you wish you could make large purchases there on credit, without paying interest? Now you can! The David Jones American Express credit card lets you save on certain big ticket items in-store by offering interest free financing for up to several years if you need them.
Learn more about the David Jones American Express credit card, their gift points programme, and how you can finance purchases interest free below!
Type of Credit Card: Rewards credit card
Interest Rates*: This card features a 19.74% interest rate on purchases.