Energy bill freeze | Quitting prime | 34m 0% interest credit cards
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Is an energy bill freeze coming? More details have emerged overnight giving us all much more to go on – it’s the most important story for all of our finances right now. Plus tips for cutting the cost of your credit card debt with a balance transfer card, rail strikes latest and we ask now Amazon Prime is easier to cancel – should you stick with it or not?
As the cost of living crisis continues to squeeze household finances it’s more important than ever that we can all take better control of our finances and easily manage regular payments. And after regulator action – now could be the perfect time to decide if you’re getting value from your Prime membership. The Money Edit reveals why now is the time to ask if you’re Prime membership is still worth it
UK consumers increased their credit card borrowing at the fastest annual rate in 17 years last month, according to data from the Bank of England. You can take action today to reduce the cost of your credit card debt by shifting it to a balance transfer card so you’re charged 0% interest while you pay it off.
Here is one of the longest interest free period offers and unlike many others, two HSBC cards that offer set interest free periods.
Sainsbury’s Bank Credit Card | up to 34 months 0% interest | 2.88% transfer fee | 21.95% APR after 0% period Be aware if your credit score isn’t great you could be offered less time to pay off the balance before you’re charged interest. Check to see if you can get the Sainsbury’s Bank deal via GoCompare’s eligibility checker now or apply directly with Sainsbury’s Bank.
If you get a 0% interest balance transfer card, always pay off the minimum amount each month and don’t spend on it. Aim to clear it before the 0% period ends, as interest payments will shoot up after. If accepted, the actual 0% period you get can depend on your circumstances, while fees mentioned are a percentage of the amount transferred.
Mothers in particular are being urged to simply fill in a form that could result in a higher pension and a worthwhile lump sum after being underpaid state pension due to a Department of Work and Pensions error. The Money Edit explains how you can reclaim thousands in missing pension payments
Seen as a lifeline in parts of the UK which have been left without any bank branches or easy access to cash and are likely to become more important amid the cost of living crisis. The Money Edit reveals where you can find a new banking hub
Laybuy is to share borrowing data with a credit reference agency – here’s how it will impact you if you use buy now, pay later. Plus what it could mean for your credit rating and any future borrowing. The Money Edit explains what Laybuy sharing data means for your credit file.
Get 2 free tickets, worth £36 to the London Homebuilding & Renovating Show
Visit the show and save with exclusive offers and discounts on thousands of products and services, speak with industry experts on how to fund your project and learn key tips on how to avoid the most common mistakes. Also new to the Show, Home Energy Hour comes to our Theatres, with talks designed to inform you of the latest trends and advancement in home energy and help you to make your home leaner and greener. Get your complimentary tickets to the London Homebuilding & Renovating Show
Collectors are paying big money for coins that could be in your pocket right now – with one fifty pence piece fetching a small fortune. We reveal the coins that are in demand, and how you can sell them for maximum returns. The Money Edit reveals the coins in your pocket that could be worth hundreds
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