AMEX increases rates for late payers

Credit card giant American Express has recently announced that cardholders that make late repayments on their credit card, or those that miss repayments, will be penalised with higher interest rates. Read more

Tags: payments, american express, economics, late payments, american express credit cards, Credit Cards, interest rate, credit card charges

American Express encourages customers to spend more on cards

One major credit card provider has been encouraging its customers to spend more on their credit cards, according to a recent report. Despite the fact that there is a personal debt crisis in the UK card provider and financial giant American Express is said to be encouraging some of its platinum credit card holders to spend more than double their current spending by making changes to how they will qualify to claim cash back on their credit cards. Read more

Tags: back scheme, fact, american express credit cards, Debit card, giant american express, american express, addition, year

Motorists to save on insurance

Britain’s motorists are being told that they can make big savings by shopping around for their car insurance.

Recent figures show that the cost of owning a car is growing all the time, with Zurich recently putting the figure at an average of £1,766.62 per car, per year.

The increased price of petrol and road taxes during the latest Budget have added to these costs and many drivers are being forced to change their habits.

American Express carried out a survey of British motorists and found that 15 per cent have started driving less as a result of increased fuel prices.

In addition, ten per cent have bought a more economical car, while one per cent uses public transport more often.

However, American Express says that many drivers could save themselves a packet by shopping around for their car insurance.

“The cost of motoring seems to rise year on year and whilst there is little motorists can do to cut the cost of fuel or road tax, insurance is one area where real savings can be made,” commented Joanne Field, marketing manager for the firm.

Those looking for car insurance are advised to shop around for the deal that best suits their needs, compare similar policies and protect their no claims bonus once a deal is agreed.

Tags: time, average, Express, american express, cost, bonus, GBP

UK consumers should compare contents insurance policies

With experts advising UK consumers to ensure that they have adequate contents insurance cover over the festive period, which is when there is an increased risk of accidents, damage, and theft, Insurancewide.com has now added an additional warning – that consumers thinking of taking out cover to protect their contents should be careful when it comes to companies offering special Christmas and festive deals and discounts on cover.

According to Insurancewide.com there are a number of companies that are offering a range of offers on contents insurance cover over the coming Christmas and new year period, with some offers that include increased cover over the festive period at no extra cost, as well as Christmas discounts on contents insurance policies. Amongst the companies offering special deals on contents insurance cover over the Christmas and New Year period are American Express and Tesco.

However, Insurancewide experts have advised consumers to ensure that they look carefully at any policy before making a firm commitment, no matter how tempting the short term special offer may be. A spokesperson for the company stated that those looking to purchase contents insurance need to make sure that the policy they go for continues to benefit them after the festive period is over, making it suitable for the long term rather than just on a short term basis. This means reading the small print on policies as well as comparing the different policies and deals on offer.

James Harrison, chief executive of Insurancewide, stated: “It’s great that insurers are remaining competitive and offering their customers a chance to save money. But we urge people to pay close attention to the increase in the sum insured, to compare like with like, watch out for unexpected policy exclusions and check other insurers’ offers according to their precise needs before being lured by advertising campaigns.”

Tags: offers, tesco, american express, cover, winter, deals, buildings, Insurance