MBNA closed eight of its airline credit cards last week, leaving slim pickings for anyone wanting to use their credit card spending to earn free flights and ticket upgrades. Here's everything you need to know about the eight cards that have been withdrawn and the trick to finding a card that still lets you clock up points to spend on flights.
Russian cyber criminals enjoy cut price five-star holidays by using reward points stolen from innocent Britons
A new report suggests that hackers steal the reward points and air miles hacked from airline user accounts and bank accounts in phishing scams, and then sell them on, offering flights, hotels and even car hire on the dark web at discounts of up to 75 per cent. The hacker 'travel agents' attractively package the holidays up to advertise them online like legitimate sellers - and their criminal customer base even leave photos and gushing reviews. Research company Flashlight, which released the report, said the situation is so worrying that one American bank has banned buying flights in Russia using its reward scheme.
THIS IS MONEY'S FIVE OF THE BEST CREDIT CARDS
Barclaycard's Platinum Extended Balance Transfer card gives 38 months of 0% interest on balance transfers for a 1.4% handling fee if made within the first 60 days. Make sure to clear the balance before interest shoots up to 19.9% APR
Sainsbury's Bank's Nectar Credit Card offers 32 months 0% interest on purchases. Shoppers earn 1,000 bonus Nectar points per ￡35 supermarket spend (up to 10,000) in the first two months. 18.9% APR
The Lloyds Bank Platinum Credit Card charges 5.7% APR - the lowest interest rates available. The no-frills card also comes with no handling fees on balance transfers.
The Amex BA Premium Plus Credit Card offers 25,000 Avios if you spend ￡3,000 in the first 3 months. Plus a ￡10,000 annual spend get you a free companion ticket. The card comes with an annual fee of ￡195 per year. 76.9% APR
M&S Bank's Reward Plus Credit Card gives a ￡20 voucher when you sign up plus double reward points on spending for the first year. You also get 6 months 0% interest on purchases and balance transfers (2.9% transfer fee). 18.9% APR
Could debt cost you your dream job? Number of candidates rejected over bad debts is rising, warns leading recruiter
As many as 1,923 applicants were turned down for a position due to their adverse finances in the year to July,?up from 1,788 a year earlier, according to analysis of the Reed Screening database. The company claims bad debt is responsible for people failing a vetting test 80 per cent of the time, making it the most common reason for failure.
First Direct and John Lewis now offer up to ￡25 cashback to open a credit card, but are they worth having?
Revealed: The 'ludicrously generous' and little-known credit card that's the best to reward big ticket purchases
If you are about to buy a big ticket purchase for your home, perhaps some white goods, a new sofa or a television, then this credit card trick could earn you a big reward. The little-known card lets you enjoy a stay at almost any Hilton-branded hotel worldwide. We get the lowdown and a selection of some its best rivals from credit card reward expert Rob Burgess.
TSB closes in on leader Halifax with new fee-free balance transfer credit card - but only for those who can shift debt quickly
TSB has introduced a new fee-free balance transfer credit card for customers who can quickly move existing debt that they want to get paid off interest-free. The Platinum 28 Month Balance Transfer Credit Card deal has a 0.5 per cent balance transfer fee that will be refunded for transfers made in the first 30 days of the account being opened.
M&S Bank has launched a credit card offer that gives double loyalty points to spend in its stores. Reward Plus grants new M&S Bank credit card customers 2,500 points, worth ￡25. Borrowers earn double points in M&S for the first 12 months, converted into M&S vouchers.
Lloyds Bank is offering borrowers a no-frills credit card charging just 5.7 per cent APR interest – the lowest rate on the market. The card charges a consistently low rate, a good option for anyone wanting to avoid the traps of disappearing interest-free deals
M&S Bank woos credit card customers with ￡25 to spend in store PLUS interest-free shopping and balance transfers
M&S Bank is giving new credit card customers up to ￡25 to spend in store upon signing up to its Reward Plus card. The card deal also comes with a year's worth of interest-free purchases. What's more, balance transfers made in the first 90 days of the account being open are also interest-free for six months, but a?handling fee of 2.9 per cent (with a minimum of ￡5) applies.
Borrow ￡30,000 at 3% interest: First Direct slashes personal loan rate to overtake the pack - but there's a catch
First Direct has slashed the rate across its larger personal loan bracket to a market-beating 3 per cent. Borrowers can currently find lower rates on amounts up to ￡25,000 but the lender offers the cheapest deal on borrowing up to ￡30,000. There is a catch however, to apply for any of the bank’s loans you must be an existing current account customer.
Asda Money's new personal loan calculator offers a smart search tool through broker Freedom Finance, which brings up a list of individual quotes from a range of other lenders without hurting your credit score. Similar searches, including This is Money's powered by MoneySupermarket, already exist but Asda reckons its tool takes things on a level by delivering?a fully tailored quote. We take a look.
Lenders should stop raising credit card limits to help households avoid long-term debt, says charity
Are you unwittingly adding to your holiday spending costs? Beware rip-off fees for paying in pounds abroad
Holidaymakers unwittingly paying by card in pounds rather than the local currency are wasting ￡500 million, according to research by FairFX. Choosing to pay in pounds incurs a Dynamic Currency Conversion that heaps on an average 6 per cent extra to the cost - and that's on top of a less competitive exchange rate.
Airline and supermarket reward cards are a popular option, but your favourite high street store may also offer a credit card that will clock up loyalty points when you spend. You are unlikely to earn a fortune or be able to use points to pay for your entire weekly shop but they do give you something back for your spending.
Do you want to send an emoji with your money or move it with your watch? We test the latest smart money transfer apps
There's now a whole heap of companies promising faster, cheaper and simpler ways to move your money abroad using just your smartphone - but are they really any good? We have taken a look at a few of these shiny new apps promising to send money with just a mobile number or load up money via your mobile wallet to see if they really are that easy to use and whether they offer anything different.
Representative example: If you spend ￡200 at a purchase interest rate of 18.9% p.a. (variable) your representative rate will be 18.9% APR (variable). Credit limits and terms may vary based on your individual circumstances. Balance transfer offers and introductory fees limited to transfer made with 60/90 days of account opening. See product specific T&Cs. * must spend ￡1k within 3 months