Autumn 2008 Newsletter
| Created: 10/10/2008 |
Dear Stoozer,
This month we want to highlight the risks that the credit crunch has brought to Stoozers.
Icesave has recently closed its doors, stopping money from being withdrawn, presenting a real headache to some stoozers.
The UK Government has said that it will reimburse Icesave personal customers completely, but the funds could be tied up for 3 months or more.
We cannot offer advice, but the safer solution would appear to be to own several savings accounts at once to spread the risk. Read our latest article for a series of practical suggestions of how to cope with the current banking crisis
Stooz and Clariman
Read Our New Article
We have a new article for you with this newsletter which gives practical steps for stoozers in the current banking crisis. If you have a large savings account (and what stoozer doesn't?) we suggest you read this.
Card News
Virgin Money have increased BT's to 16 months from 15, and purchases from 3 to 6, with a slight rise in typical APR.
Amex have re-introduced their 5% cashback card again, Good news for shopping slow stoozers.
The Fee free Abbey Zero card is rumoured to be withdrawn next month. Worth applying now just in case.
Capital One continue to extend their 17 month deal each month, whereas in the past the date it ended had stayed the same.
On the downward spiral; Halifax have pulled their One card completely and Barclays Skycard has been reduced from 12 months to 9 months. Not all good news from Capital one, they have also removed their low rate Life of Balance and 'mastercard' products.
Best Deals
Top fee free or capped Balance Transfer Cards
Santander Zero Fee-Free Special
with 6 months. -
No Fee - Typical APR 18.9%
Top 3 longest Balance Transfer Cards
1)
Barclaycard Platinum with BT
with 16 months. -
Typical APR 16.9%
2)
Yorkshire Bank Gold
with 16 months. -
Typical APR 16.9%
3)
Clydesdale Bank Gold
with 16 months. -
Typical APR 16.9%
Top 3 longest Purchases Cards
1)
Tesco Clubcard
with 13 months. -
Typical APR 16.9%
2)
Halifax Rewards Card - Purchases
with 12 months. -
Typical APR 15.9%
3)
Sainsbury's (Nectar Cardholder)
with 12 months. -
Typical APR 15.9%
Top 3 highest cashback cards
1)
AMEX Platinum Moneyback Card
with 5.0% max. -
Typical APR 19.9%
2)
PayPal Mastercard
with 2.0% max. -
Typical APR 17.9%
3)
EggMoney
with 1.0% max. -
Typical APR 18.6%
Top 3 Life of Balance Cards
1)
MBNA Visa LOB Special
with 5.9% intro APR. -
Typical APR 16.9%
2)
MBNA Visa LOB
with 5.9% intro APR. -
Typical APR 16.9%
3)
Barclaycard Simplicity
with 6.8% intro APR. -
Typical APR 6.8%