Tip of the WeekCredit card balance transfer at 5.8% APR for life - grab it while you can
The credit crunch and rising cost of food and petrol is hitting us all hard, but there are still ways you can keep your credit card charges in check.
Whilst 0% balance transfer offers can provide a short term solution to reducing your credit card interest bill, there are also some deals where you can benefit from an extremely low fixed rate of interest on your transferred balance for as long as it takes you to clear it.
The Citi Platinum MasterCard offers an interest rate of 5.8% for the life of your balance transfer (subject to a one off fee of 2.5% minimum £5).
Click here to find out more.
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Private Medical Insurance - Is It Right For You?
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The sale of private medical insurance (PMI) has increased steadily over the last couple of years and shows no sign of abating. Only recently, BUPA reported a 20 per cent year on year increase in business during the first quarter of 2008.
With a number of high profile outbreaks of MRSA occurring during the last few years, it is no real surprise to see increased demand for PMI as more consumers seek clean hospitals, shorter waiting times and speedy access to medical specialists.
Whilst such a policy does not guarantee that you will be covered for everything that goes wrong, our wellbeing is certainly becoming more important to us, and the continued media reporting of healthcare scandals will only reinforce this mindset further.
So, is PMI right for you? Before making a decision to spend some of your hard earned cash on a monthly insurance premium, there are a few things you should consider:
- Check with your employer first to see if you're already covered by a scheme run by your company.
- Do you really need this additional peace of mind and is it worth the price you've been quoted? If you suffered an illness or had an accident and you didn't have cover, how much would it really cost you?
- Consider if you would be better just to save some money each month, you may feel that this is a preferable option, however bear in mind that many hospital treatments can prove very expensive.
If you decide that PMI is for you, don't rush in and buy the first policy you are offered, it is an incredibly complex product and as such you should seek the help of an independent financial adviser.
It is important that you understand from the outset what is and what isn't covered by your insurance, for example, many policies will exclude HIV/Aids, infertility treatment, psychiatric care and arthritis.
However the most important matter to establish is whether the insurer you choose offers fully underwritten PMI, and as such doesn't include cover for any pre existing conditions, or whether they have a moratorium, which means they may cover you for a condition as long as it hasn't recurred during the previous two years.
It is vital that you understand what Moratorium means, particularly if your past medical record excludes you from benefits in certain areas. When insurers offer PMI plans, they are taking on clients without the need to disclose their medical history. This has both advantages and disadvantages which have to be carefully weighed up. For example, if you had a medical treatment last year and took on a Moratorium Plan, then 12 months into your new Plan the medical condition for which you were treated recurred, this could be excluded from cover under Moratorium due to the previous condition being a pre-existing condition less than two years ago. Continued....
No Obligation PMI Quote >>>
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Compare & Buy
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The American Express Green Card
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The American Express Card. Protect your purchases from theft or damage and add an extra year to the warranty! Find Out More |
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spotlight on...
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credit cards |
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MBNA Platinum
- Typical 15.9% APR variable
- 0% on balance transfers and transferring cash into your current account until July 2009 (2.9% handling fee applies)
- 0% on purchases until September 2008
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The Blue Sky® Card from American Express
- Typical 17.9% APR Variable
- 0% interest on purchases for the first 6 months
- No annual fee
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MBNA Platinum Rewards
- Typical 5.9% APR variable
- 0% on balance transfers and transferring cash into your current account until July 2009 (2.9% handling fee applies)
- 0% on purchases until September 2008
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insurance |
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Nationwide Home Insurance
- 20% off when you buy buildings and contents cover together
- And 20% off your renewal price next year
- PLUS 10% off this year's discounted price when you buy online (terms and conditions apply)
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Protected Life Insurance
- We search over 300 insurance plans
- From 12 leading providers
- Compare your options online today in minutes
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More Th>n Life Insurance
- Quality Life Insurance
- MORE TH>N will find the most affordable deal from our panel of insurers
- More is... life cover from only £5 per month. Apply Now!
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Post Office Life Insurance
- From just £5 per month
- Or £100 cashback also available
- Terms & conditions apply. Get a quote online now!
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banking & saving |
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First Direct Current Account
- Switch your banking to first direct and we'll give you £100
- If you're not happy after 6 months we'll give you another £100
- And help you switch banks. More info...
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homeowner loans |
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Ocean Finance
- Need extra cash? Nothing to repay for up to 3 months
- Do you want to borrow £5,000 - £100,000 for any purpose?
- Apply today for a no obligation free quote. All circumstances considered.
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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Moneynet is a trading name of Sterling Business Consultants Limited of Sussex House, 8-10 Homesdale Road, Bromley, BR2 9LZ. Registered office is 51 Eastcheap, London EC3M 1JP, Reg No: 03165711. Moneynet is authorised & regulated by the Financial Services Authority. This site is intended for UK residents only. Information correct at time of publication.
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