Posted by Peter Brady on Mon 14th April 2008 at 01:14 PM, Filed in

The GM Credit Card looks fairly ubiquitous but incorporates some nice features - the most prominent of which helps you gain savings on a new Vauxhall or Saab!

Other tasty tit bits include:

• Typical 14.9% APR variable

• 0% per annum on all purchases and balance transfers, fixed for the first five months from account opening, after which it will revert to the variable rate. A 2% balance transfer handling fee applies (minimum £5).

• Rebate Points are earned at the rate of 3% of your spend.

• 1 Rebate Point is equivalent to a £1 saving off the price of your new Vauxhall or Saab (subject to the Model Line Maximum).

• Partner Points are earned on top of your normal Rebate Points whenever you shop at The GM Card Partners. The Partner Points rate is currently 3% of your spend.

• 100 free Rebate Points when you use your GM Card for the first time (the equivalent to £100 saving off your new Vauxhall or Saab).

• Transfer your Rebate Points to an eligible family member who is not a GM Cardholder.

• Two GM Cardholders living at the same address can pool their Rebate Points.

• No annual fee to pay

Posted by Peter Brady on Mon 14th April 2008 at 01:12 PM, Filed in

In a sting operation backed by the People (a British newspaper), reporters from the paper caught various retailers selling pre paid credit cards without ID checks. Kids are known to use these cards for purchasing alcohol, weapons and gambling online.

From it’s research, the People established that that UK youngsters can obtain pre-payment cards for as little as £3 from shops and newsagents with negligible checks on age, name or address.

These cards can then be used by youngsters to buy adult goods and services online.

The teenager used by the paper to expose this story said:

  “It was unbelievable how easy it was, Kids at school buy these cards so they can order stuff off the internet. Once you have one, you can get away with just about anything.”

UK law specifies that credit cards are only available to those over the age of 18 and even then the individual must go through rigorous credit checks and reference checks. Whether these checks are rigorous enough seems to be questionable.

Posted by Tom Wilkins on Tue 23rd October 2007 at 09:17 AM, Filed in US Credit Cards

The GM Credit Card looks fairly ubiquitous but incorporates some nice features - the most prominent of which helps you gain savings on a new Vauxhall or Saab!


Other tasty tit bits include:

Read more...

Posted by Tom Wilkins on Fri 7th September 2007 at 06:00 AM, Filed in Credit News

According to the Daily Mail Judge Abrahams, at Luton County Court, forced Barclays to stop applying any more charges until a High Court test case settles the legal issues involved.

The test case is the culmination of a long running battle over unfair penalty charges. According to official figures Barclays has repaid £87m in overdraft charges this year alone. The five main banks have repaid a staggering £400m in charges since January.


“The OFT and the banks are currently involved in bringing a test case to clarify whether bank charges are unlawful. Consumer lawyers claim that the fees the bank collects when a customer goes overdrawn, or a direct debit is bounced, contravene consumer contract legislation.”

It is likely to be many months before the case is heard.

Posted by Tom Wilkins on Thu 6th September 2007 at 06:00 AM, Filed in Glossary

The Fair Credit Billing Act is a US federal act that protects many important credit rights including your rights to dispute billing errors, unauthorized use of your account, and charges for unsatisfactory goods and services.

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