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Icesave has recently closed its doors, stopping money from being withdrawn, presenting a real headache to some stoozers.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The Fee free Abbey Zero card is rumoured to be withdrawn next month.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
RBS World Mastercard
with 13 months. -
No Fee - Typical APR 17.9%
NatWest World Mastercard
with 13 months. -
No Fee - Typical APR 17.9%
Top 3 longest Balance Transfer Cards
1)
Barclaycard Platinum Extended BT
with 24 months. -
Typical APR 17.9%
2)
HSBC
with 23 months. -
Typical APR 17.9%
3)
Halifax BT card
with 22 months. -
Typical APR 17.9%
Top 3 longest Purchases Cards
1)
Nationwide Select Credit Card
with 18 months. -
Typical APR 12.9%
2)
Marks & Spencer
with 15 months. -
Typical APR 15.9%
3)
Tesco Clubcard
with 15 months. -
Typical APR 16.9%
Top 3 highest cashback cards
1)
AMEX Platinum Cashback Card
with 5.00% max. -
Typical APR 18.5%
2)
Capital One World Mastercard
with 5.00% max. -
Typical APR 19.9%
3)
Santander 123 Cashback Card
with 3.00% max. -
Typical APR 22.8%
Top 3 Life of Balance Cards
1)
Barclaycard Simplicity
with 6.8% intro APR. -
Typical APR 7.9%
2)
Virgin Charity Card
with 9.9% intro APR. -
Typical APR 12.9%
3)
Co-op Platinum Fixed Rate
with 9.9% intro APR. -
Typical APR 9.9%