A Site Revamp

Over on our main company blog we've posted about our revamp plans for cardtart. Feel free to read about our plans.

A Model Credit Card From Marks and Spencer

I'm reliably informed (by my wife) that it's Jodie Kidd, the super model, who features in the new promotional literature for the '&MORE' credit card from Marks and Spencer.

It's a card that we have affiliated with previously (though it's not currently on offer to the affiliate market generally) and the current offering appears to be quite competitive with 0% purchase rates for a 12 month period (16.9% APR variable). Though as always shop around (here is a good starting point) and remember we are not able to offer financial advice.

I wonder who they will pick to promote their personal loans?

Annual Fees To Return On Credit Cards

A report by PricewaterhouseCoopers suggests that banks may introduce annual fees of about £35 to maintain a credit card account.

It is suggested that such an annual fee may be levied by the card issuers to enable them to recoup the money lost on reduced penalty fees. Earlier this year the Office of Fair Trading restricted to a maximum of £12 the amount the banks could charge in penalty fees for customers who defaulted on their payments. Additionally the credit card market is being investigated over the credit card interchange fee (the amount the retailers pay on card transactions) and payment protection insurance products are under investigation too.

Here at cardtart we haven't heard that any of the credit card providers that we affiliate with are about to introduce annual fees. But if they do, we'll be quick to let you know who they are.

Re: Eggcard - Sad News

Further to my last post about the eggcard there has been some sad news.

Richard Duvall, the Egg Bank co-founder and launch director has died at the age 44. Duvall was paid a compliment by Bill Gates, who called him "one of the most dynamic people I have ever met".

Duvall developed the Egg brand and business plan and secured £50m for its launch and helped to turn the public on to internet-only banking.

Duvall subsequently left Egg to set-up a new, money lending exchange business Zopa.