Big warning for Barclaycard customers | Beat broadband & mobile rip offs | Zara trick
Apr 24, 2024
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This podcast covers a warning for Barclaycard users, tips on reducing broadband and mobile bills, cheaper shopping abroad, and a Zara shopping trick. Topics include managing credit card debts, saving money on contracts, perfume purchase scenarios, joint liability for credit card purchases, benefits of fiber optic broadband, cost savings on IVF treatment abroad, and food storage tips.
Barclaycard customers should be wary of reduced minimum repayments increasing total interest paid significantly.
Review broadband and mobile deals to potentially save hundreds of pounds by switching providers.
Consider purchasing items such as clothing from popular brands like Zara abroad for significant cost savings.
Deep dives
Barclay Card Minimum Repayments: A Costly Change
Barclay Card is reducing minimum repayments, potentially doubling total interest paid. For a £1,000 balance, the change means an additional £955 in interest over 19 years compared to £700 over 9 years. Customers need to be aware and consider fixing their repayments to clear debt more quickly.
Broadband and Mobile Savings: Ideal Time to Check
With recent price hikes, it's crucial to review broadband and mobile deals. Over 20 million out-of-contract customers could save significantly by switching. Example savings include £660 a year by switching to a £9 mobile plan and £576 a year by changing broadband providers.
Negotiating Better Deals: Influence on Pricing
Customers paying over £30 for broadband and over £8 for mobiles benefit from price comparisons. Negotiating with providers can lead to better deals, especially when threatening to switch. Understanding business models helps consumers secure more cost-effective plans.
How to Save Money on Mobile Phone Bills
To save money on mobile phone bills, consumers should consider switching to cheaper SIM deals provided by piggyback providers using the same signals as mainstream providers. By exploring alternative options on the same network, such as EE, customers can find significantly cheaper deals, especially after paying off their handset. Retailers like supermarkets and smaller providers offer cost-effective solutions by selling spare capacity without additional overheads.
Tips for Buying Items Cheaper Abroad
When shopping abroad, it is advisable to consider purchasing items such as clothing from popular brands like Zara at significantly lower prices, especially in countries like Spain and Portugal. By comparing prices between different countries and being aware of split pricing for European regions, travelers can make substantial savings on products like clothing and accessories. Additionally, taking advantage of local prices for various goods like Disney Plus subscriptions, kitchen appliances, and even medical services can lead to considerable cost savings overall.
This week on the podcast Martin has a warning for all those who have a Barclaycard. After a recent rise in broadband and mobile bills for some customers, Martin shares some key tips on how to bring those costs back down. You tell us about your ovreseas bargains plus extra tips you won’t have heard on the live show.
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