Few of us will actually win on the National, but we can certainly all minimise what we lose!
(PRWEB UK) 5 April 2013
As the nation readies itself for the annual flutter on the world’s most exciting steeplechase, the Grand National, leading UK personal finance website, compareandsavecom, urges credit card consumers not to gamble on avoiding credit card fees.
Whilst many of us will be losing our money at Becher's Brook, The Chair and the Canal Turn tomorrow, a sizable group will also notice a jump on their next credit card statement. This is because many credit card companies still class payments made to gambling/betting organisations as cash transactions. As such these transactions often incur additional charges – often to the surprise of infrequent gamblers (as many who bet on Grand National are).
A spokesperson for compareandsave.com commented:
“Many of us love a little flutter on the Grand National, but as online betting websites become more and more popular it’s important you understand how payments to betting websites will be treated by your credit card issuer. Ultimately, no matter how thorough your original credit card comparison was before getting one, this probably means checking the terms and conditions of your credit agreement and the betting website you’re planning to use.
If you don’t fancy a few hours of checking small print and you can avoid using your credit card for betting that could make more sense.
Few of us will actually win on the National, but we can certainly all minimise what we lose!”
compareandsave.com is one of the UK’s leading personal finance comparison websites. Based in Colchester, Essex, compareandsave.com has been helping UK consumers get a better deal on credit cards, saving, loans and more for over five years.