SAVVY shoppers with Asda Money's cashback credit card will see their rewards slashed by more than half later this year. Currently cardholders have been able to earn one per cent cashback when they're shopping at the supermarket and 0.5 per cent everywhere else. But from April 13, the rate on shopping away from the supermarket will be slashed from 0.5 to 0.2 per cent. The change also applies to its Cashback Plus card - customers currently get two per cent cash back on all Asda spend and one per cent on all other purchases for a £3 monthly fee. But the one per cent reward is also being slashed to 0.2 per cent. With the cards, customers can only use their cashback to convert them into vouchers which have to be spent at the supermarket. Best reward credit cardsIF you're a regular Asda shopper, you might want to keep hold of your card as it is still competitive. But there are a few other cards which pay a better rate of cashback. American Express Platinum Cashback Everyday card - You … [Read more...] about Asda’s making a BIG change to its credit card
HARD-UP Brits are to be given extra help if they are struggling with credit card debt, under new rules announced today by the financial watchdog. As part of the new measures customers who pay the minimum repayment on debts for over three year may have their card suspended. Over 4million Brits make minimum repayments on credit cards, which can lead to a lifetime of debt. Figures show that customers in persistent debt pay on average around £2.50 in interest and charges for every £1 that they repay of their borrowing. For example, it would take you 27 YEARS to pay off a £3,000 balance by making the minimum monthly repayments starting at £74 - and pay a whopping £4,000 in interest. Under the new rules - which will begin on September 1 2018 - firms must notify customers who are only making minimum repayments after 18 months, prompting them to up their repayments. Summary of the changes to credit cards FROM September 1 credit card firms must do more to help customers … [Read more...] about New rules mean credit cards may be suspended if customers only make minimum repayments
CREDIT card firm Vanquis has been fined nearly £2million by city watchdog the Financial Conduct Authority (FCA) for failing to tell customers the full cost of an add-on product. It will pay out more than £168million in compensation to customers affected by the failure. The fine relates to Vanquis' "Repayment Option Plan" (ROP), which has been offered to all customers since June 2003 and aims to help those struggling to pay their bills. The product allows customers to freeze their account, take a payment holiday and avoid late fees for one month a year. But the FCA found that while Vanquis told customers how the product worked and what the monthly charge would be, it didn't tell them that interest would also be added unless the balance was cleared at the end of the month. In its investigation, the watchdog found although the firms sales agents explained what the monthly cost was - either £1.29 or £1.19 per £100 of a customer's outstanding balance - they didn't … [Read more...] about Vanquis credit card firm to pay back £168million for mistreating customers – are you due compensation?
By Peter Hegarty | [email protected] | Bay Area News Group PUBLISHED: March 1, 2018 at 6:22 am | UPDATED: March 1, 2018 at 6:38 am ALAMEDA — Alameda Municipal Power announced Wednesday that its strong financial performance earned it a credit rating upgrade from Fitch Ratings, the nationally recognized rating organization. “This upgrade speaks to the stewardship of the city of Alameda’s Public Utilities Board and everything they have done to put AMP in its current strong financial position,” said Nico Procos, the utility’s general manager. “AMP’s rating upgrade from Fitch is a strong example of how community-owned utilities can thrive financially and serve the public.” The utility received the upgrade Tuesday, when its rating moved from A+ to AA-. In a press release on the shift, Fitch Ratings said the Alameda utility’s financial performance has stayed “consistently strong since at least fiscal 2011.” Fitch … [Read more...] about Alameda’s power utility receives credit upgrade
Josie Lepe/Bay Area News Group Joonas Donskoi makes something happen just about every time he has the puck in the offensive zone. So when the Sharks didn’t have Donskoi available for the second half of Thursday’s game against the Edmonton Oilers, it left a noticeable void. Donskoi left Thursday’s game midway through the second period with an unspecified injury, and Sharks coach Pete DeBoer said more will be known Friday. Donskoi will be a tough player to replace if he’s out for a significant amount of time. He has 34 points in 68 games, but is also on the second power play unit, kills penalties and has become one of the Sharks’ best forecheckers in averaging 14:10 of ice time per game. “Obviously he’s good on the puck, right? He wins a lot of battles, he holds onto it. That possession time, we missed that,” Sharks captain Joe Pavelski said. “We have more than enough guys who can step in and play a role and get the job done. … [Read more...] about Sharks notes: Joonas Donskoi hurt; Micheal Haley gives credit to Darnell Nurse