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.
