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A major High Street lender has said that it welcomes the recent crackdown on credit and store cards, following recent proposals that were put forward by the government.

The proposals by the government have been met with mixed reactions in some parts, and were put forward to the Department for Business Innovation and Skills. The moves have been welcomed by Nationwide, which said that the crackdown would prove beneficial for consumers.

One of the areas of the proposals that have been welcomed by Nationwide as well as many other industry officials is that if the proposals go through lenders will have to allocate monthly repayments from consumers to the most expensive debt on the cards first and then move on to the lower interest debt.

In most cases the allocation of repayments works the other way around at present, which means that consumers end up paying far more interest to the lender.

An official from the Nationwide said: “We are delighted that BIS have included order of payments in the review. We think all UK credit card providers should allocate payments in a positive way. T

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Tags: Crackdown, Store Card

With Christmas right around the corner, it’s the perfect time to review some of the best credit card offers for the holidays. Whether you spend a little or a lot this holiday season, you can save a ton of money by using the right credit card for purchasing gifts. Use the wrong card, and you’ll end up missing out on some potential savings.

The best holiday cards fall into one of three categories: cash back, 0% APR, or travel rewards. Depending on what your financial goals are, picking the right card is really pretty easy. We’ll start with the Credit Card Offers IQ editor’s pick for the best holiday card, and then we will review several other top picks in each category.

Holiday Credit Card Editor’s Pick

Chase Freedom Card

The editor’s pick is an easy choice–the Chase Freedom Card. The Freedom card gets our editor’s pick because it combines all three features that make for a great credit card for the holidays (or anytime for that matter). First, it offers 1% cash back on all purchases, and up to 3% cash back on select categories of purchases. Second, the Fre Read more…

Tags: Card Offers, Credit Card, Credit Card Offers, Holidays

Are you ready to buy gifts for the holidays, yet don’t know how you will be able to purchase everything without going over budget? You’re not alone. According to a recent study from the National Retail Foundation (NRF), nearly 85 percent of consumers plan to spend less this year due to economic struggles.

But if you want to spend less and still purchase great gifts, the real question becomes, how can you purchase everything without breaking the bank? If you don’t have an answer to this question, now’s the time to learn how to get your shopping done while avoiding a shocking holiday credit card bill.

1.Shop on Black Friday

Shopping on Black Friday, also known as the day after Thanksgiving, is one of the best ways to save money on your gifts.

Since consumers very often begin their Christmas shopping on this day, retailers offer some of their best deals of the year to reel in customers.

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Tags: Holiday, Holiday Credit

When Cameron Clyne took over NAB as its chief executive, he says one of his major goals was to improve the bank’s reputation. NAB is Australia’s largest bank measured by assets, but has the smallest presence in the retail sector, and during a speech Monday at a luncheon for the Australia-Israel Chamber of Commerce, Mr. Clyne claimed that was due to some of NAB’s past actions although he did not give specifics.

As the first result of that decision, in September, NAB eliminated overdrawn account fees, forcing Australia’s other major banks to follow suit. In October, NAB continued rebuilding its reputation by eliminating credit penalty fees for late payments and spending over limits, as well as the account service fees on two retail transaction accounts.

Mr. Clyne reported that NAB’s customer service complaints dropped 40% in the month.

He also claimed new accounts have soared by 600%, existing customers are no longer moving their accounts to competing banks, and customer satisfaction ratings have soared. Other improvements underway for NAB include increasing the number and location of retail branches for customer convenience, and microlending larger sums to the underprivileged without seeking profit. At the sa

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Tags: Nab, Nab Improves

Discount Gift Cards are one of your best options for giving this Holiday season. Here I’ve compiled a list of five reasons why you should buy a discounted gift card with input from some of our followers on twitter. Follow Gift Card Rescue on twitter for your chance to contribute and be featured on our blog as well as win free gift cards.

1. You can save more with discount gift cards by combining in store savings. For example, if a leather Jacket at JCPenny normally retails at $100 but  is on sale for $75 and you make your purchase with a discount gift card then you will save in total 37% off of the retail price of $100!

2. A way to keep donating & giving. Everyone has been hit hard by this economy and we must all be thankful for what we have. Those hit the hardest had nothing before the economic downturn and need help now more then ever. A discount gift card allows you to make the same monetary donation to your local food bank, church, or school that you would have before.

3. Gift Cards let the receiver choose. Being able to choose your own gift makes a world of difference! I

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Tags: Discount Gift Card, Gift Card, Holiday Season, Season