Major high street bank axing key service
A MAJOR high street bank is axing one of its key services for tens of thousands of customers within hours.Customers will no longer be able to pay for goods or services in-store or online, and your card will not be accepted.
Remember, if you only make the minimum payment, it will take longer and cost you more to clear your balance.IF you have an ongoing monthly subscription that you pay using your Metro Bank credit card, you'll need to update your details now. If you fail to do this and are paying a contract with a specified term, your missed payment could be reported to the credit reference agencies and may reduce your credit score.
These cards allow customers to temporarily stop paying interest for up to 29 months for a small processing fee of 2-4%.expert, previously told The Sun: "For people considering moving their debt for an interest-free deal with another credit card provider, there are three things to factor in: the interest-free period, the transfer fee and the APR if you can’t pay off the debt in time."
Those with poor credit scores could be eligible for Fluid's nine-month interest-free balance transfer card, which also charges a 3% transfer fee.It's a good idea to use an eligibility calculator before applying for a credit card, as credit card applications leave a mark on your credit file and a rejection can affect your credit rating.Once you run your details through an eligibility calculator and you've been shown that you're likely to be accepted, make a formal application.
If your application is approved, you will need to transfer the balances within a set period, usually around 60 or 90 days.
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