With the new Premier League season kicking off this weekend football fans across the country will be donning their new replica shirts and scarves, whilst some supporters will take their loyalty a step further by carrying a club branded credit card in their wallet.

It may be a great talking point and often a bit of a wind up when you get your football club credit card out in the bar or restaurant in front of your friends, but these deals aren’t the best option for all fans and by choosing the wrong plastic you could end up scoring a financial own goal.

MBNA remains the primary provider when it comes to football affinity credit cards, currently behind the deals for almost 30 clubs – not just the premiership big boys, but also some of the cash strapped smaller teams in the lower leagues.

Creation cards is the other influential company in this sector and currently advertises cards for six football league clubs although the financial terms of these cards are less attractive.

A prime example is that even though the 0% balance transfer term is a mere 6 months on the Creation football cards the one off balance transfer fees of 5% are way out of line when compared with the market average of 2% to 3%.

Aside from the pride of carrying your club colours in your purse or wallet, simply spending on your football credit card can deliver a welcome cash injection to the coffers of your favourite team.

The funds donated from these cards make a vital financial contribution to the grass roots player development your club thus helping the first team players of tomorrow.

If you sign up for a card the youth training academy at your club will receive up to £20 when you first use it and then a further contribution every time you spend on the card, in the last 14 years the partnership with MBNA has resulted in over £10 million being donated to teams up and down the country.

The interest rates on these cards at 18.9% APR representative are in line with the market average but if you can’t afford to pay your balance off in full each month you would be better opting for a cheaper rate deal such as the Halifax Low Rate credit card at 6.4% APR or MBNA’s own 6.6% low rate deal and making a separate donation to your club – as long as you remember!

MBNA Football Credit Cards offer 24 months interest free on balance transfers, that’s a full year less than the best non-football cards, however a plus point is that you can transfer money from your these football cards directly to your bank account subject to a one off money transfer fee of 4% – a low cost way to clear that nagging and expensive overdraft once and for all.

For fans who always pay their statement in full every month, these cards won’t hurt your finances and can get you decent discounts in the club shop and the chance to win ‘money can’t buy’ and VIP days at your club

Some of the Creation Card deals also allow you to spread the cost of your season ticket over 9 months interest free which could prove a useful option when funds are tight.

However, if you keep a big balance on your card, then look for a lower rate non-football card and don’t be blinded by club loyalty as it could cost you far more than the value of benefits you receive.

Almost 18 million over 50s are planning to go on holiday this year and while the majority will stock up on sun cream in anticipation, some won’t actually make it to their intended holiday destination according to Saga Travel Insurance.

Analysis of claims data shows that cancelling a holiday is the most common claim that over 50s make on their travel insurance policy. However, it could be extremely expensive if they don’t have any insurance, as the average cost of a cancellation claim is around £1,000.

This amount could climb even higher as lots of people pre-pay for excursions, book rental cars and pay for cattery or kennel fees in advance; all of which can be claimed for on their travel insurance policy.

However, packing the right travel insurance may not seem as fun as picking up new swimwear or designer shades, but it is just as crucial as packing the sun tan lotion if you don’t want to get financially burnt.

A review of claims data shows that over 50s are most likely to cancel their holiday 17 days before their scheduled departure date, however many will have to cancel just 24 hours before they are due to jet off.

Saga is urging people to buy insurance as soon as they have booked their holiday so that they are covered for any eventuality.

The most common reasons people have to cancel a holiday are because someone falls ill, gets injured or someone passes away. Other common reasons people cite for cancelling their holiday are strikes or hotels that they have booked to stay in closing down.

A spokesman for, Saga Services, said: “No one books a holiday thinking the worst but if you don’t want to risk getting financially burnt then you need to pack the right travel cover along with the sun tan lotion. Too many people find themselves with a financial hangover having booked and then cancelled a holiday.”

If people have already booked a holiday and then the Foreign and Commonwealth office (FCO) advises against travelling to that specific country then they will be covered on their insurance to cancel their holiday, so people should always check the FCO website before travelling.